random utility model
The episodic random utility model unifies time trade-off and discrete choice approaches in health state valuation
... driven model that reduces the difference between a psychometrically strong method ...to utility theory ...This model would increase the 'conver- gent validity' of related psychometric and econometric ...
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Computation of the Compensating Variation Within a Random Utility Model Using GAUSS Software
... suitable model to assess the change in the household utility. When a random utility model is used, the computation of compensating variation is not straightforward, particularly when ...
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Factors Affecting Farmers’ Decision to Enter Agricultural Cooperatives Using Random Utility Model in the South Eastern Anatolian Region of Turkey
... In an effort to increase the productivity of rice in Nepal, several modern varieties have been released. Farmers have adopted these varieties to varying degrees depending upon the types of production environment and the ...
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Comparing Technology Adoption Forecasts Generated by an Agent-Based Model and a Scaled and Adjusted Random Utility Model.
... Combined with a social network component representing physical vicinity which is introduced with the methodology next chapter, a complete social network for use representing the effects of social influence on adoption ...
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Threshold Extension of Gallium Arsenide/Aluminum Gallium Arsenide Terahertz Detectors and Switching in Heterostructures
... A random utility model (RUM) of migration is employed to estimate how city amenities influence ...Ph.D.s’ utility and their choice of where to work and ...
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Revisiting consistency with random utility maximisation: theory and implications for practical work
... of random utility ...the utility functions become dependent on attributes of other ...Additive Random Utility Model (ARUM) context ...
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Discrete Choice and Rational Inattention: a General Equivalence Result
... of random utility discrete choice models; precisely, the generalized entropy functions are the convex conjugate functions to the surplus functions in any arbitrary general additive random ...
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Modeling choice and estimating utility in simple experimental games
... and random behavior models fit about as well in public goods games, but they either fit poorly in the high-precision dictator games (regression) or the identified components are not robust (random ...
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Random Utility Pseudo Panel Model and Application on Car Ownership Forecast
... panel model would have a composite error term, which makes the model parameters estimated on pseudo panel data not directly comparable to those estimated on individual data due to the different ...the ...
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On ordinal utility, cardinal utility, and random utility
... the Random Utility Model (RUM) was conceived entirely in terms of ordinal utility, the apparatus through which it is widely practised exhibits properties of cardinal ...cardinal utility ...
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Rescaling quality of life values from discrete choice experiments for use as QALYs: a cautionary tale
... the random utility model, it can be shown that the probability of choosing a living state over the death state is one if and only if the difference in utility between every living state and ...
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Fuzzy Random Utility Choice Models: The Case of Telecommuting Suitability
... Random utility models have been widely used in many diverse ...Considering utility as a random variable opened many new analytical doors to researchers in explaining behavioral phe- ...the ...
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Determinants of honey producer market outlet choice in Chena District, southern Ethiopia: a multivariate probit regression analysis
... the random utility model ...indirect utility function where an in- dividual with specific characteristics associates an average utility level with each alter- native marketing channel ...
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On the Existence of Quality Measures in Random Utility Models
... no random variable but a parameter representing the heterogeneity of ...a random utility model, though, with some particularly ‘good’ properties, as the following lemma shows Lemma ...
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Random Expected Utility and Certainty Equivalents: Mimicry of Probability Weighting Functions
... both random preference EU and RDU based on multiple (more than two) certainty equivalent elicitation trials for several different simple ...the random preference hypothesis can make strong refutable ...
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On the Random Cluster Model
... the Random Cluster ...the random cluster measure for q ≥ 1, which is integral to the discussion of infinite graphs and critical phenomena in Section ...
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The core with random utility and interdependent preferences: Theory and experimental evidence
... The main hypotheses are that the bias follows from either interdependence of preferences (i.e. fairness concerns, as Eavey and Miller, 1984, suggest) or a limited grasp (or heavy discount) of outcomes in alternative ...
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Analysis of a Random Forests Model
... the random subspace method of Ho (1998) and the random split selection ap- proach of Dietterich ...2010), random forests have emerged as serious competitors to state-of-the-art methods such as ...
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Cumulative weighing of time in intertemporal tradeoffs
... sequences model with the evidence on preferences for sequences of income from labor or rent (Loewenstein & Sicherman, 1991), but applied the model (equivalent the Zero Sequences Model) to ...
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Parabolic Anderson model in a dynamic random environment: random conductances
... Outline. The outline of the remainder of the paper is as follows. In Section 2 we derive vari- ational formulas for the annealed Lyapunov exponents and use these to derive the rightmost inequality in (2.2), i.e., ≤ in ...
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