IDEAS home Printed from https://ideas.repec.org/h/spr/spbrcp/978-3-642-29151-7_2.html
   My bibliography  Save this book chapter

A Random Regret Minimization-based Discrete Choice Model

In: Random Regret-based Discrete Choice Modeling

Author

Listed:
  • Caspar G. Chorus

    (Delft University of Technology)

Abstract

This Chapter presents the RRM-model. First, the Random Regret-function is presented and explained (Sect. 2.1). Subsequently, this function is compared with the classical linear-additive Random Utility-function (Sect. 2.2). Finally, it is shown how the Random Regret-function translates into MNL-type choice probabilities for a particular distribution of the random error terms (Sect. 2.3).

Suggested Citation

  • Caspar G. Chorus, 2012. "A Random Regret Minimization-based Discrete Choice Model," SpringerBriefs in Business, in: Random Regret-based Discrete Choice Modeling, edition 127, chapter 0, pages 5-15, Springer.
    • Handle: RePEc:spr:spbrcp:978-3-642-29151-7_2
    DOI: 10.1007/978-3-642-29151-7_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Geržinič, Nejc & van Cranenburgh, Sander & Cats, Oded & Lancsar, Emily & Chorus, Caspar, 2021. "Estimating decision rule differences between ‘best’ and ‘worst’ choices in a sequential best worst discrete choice experiment," Journal of choice modelling, Elsevier, vol. 41(C).
    2. Mehdizadeh, Milad & Nordfjaern, Trond & Klöckner, Christian A., 2022. "A systematic review of the agent-based modelling/simulation paradigm in mobility transition," Technological Forecasting and Social Change, Elsevier, vol. 184(C).
    3. Rosa Marina González & Concepción Román & Ángel Simón Marrero, 2021. "Values of Travel Time for Recreational Trips under Different Behavioural Rules," Sustainability, MDPI, vol. 13(12), pages 1-16, June.
    4. Sunghoon Jang & Soora Rasouli & Harry Timmermans, 2018. "Accounting for cognitive effort in random regret-only models: Effect of attribute variation and choice set size," Environment and Planning B, , vol. 45(5), pages 842-863, September.
    5. John Buckell & Vrinda Vasavada & Sarah Wordsworth & Dean A. Regier & Matthew Quaife, 2022. "Utility maximization versus regret minimization in health choice behavior: Evidence from four datasets," Health Economics, John Wiley & Sons, Ltd., vol. 31(2), pages 363-381, February.
    6. David A. J. Meester & Stephane Hess & John Buckell & Thomas O. Hancock, 2023. "Can decision field theory enhance our understanding of health‐based choices? Evidence from risky health behaviors," Health Economics, John Wiley & Sons, Ltd., vol. 32(8), pages 1710-1732, August.
    7. Giovanna Piracci & Fabio Boncinelli & Leonardo Casini, 2023. "Investigating Consumer Preferences for Sustainable Packaging Through a Different Behavioural Approach: A Random Regret Minimization Application," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 86(1), pages 1-27, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:spbrcp:978-3-642-29151-7_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.