1 Theory - Driven Choice Models

Theory-Driven Choice Models

We explore issues in theory-driven choice modeling by focusing on partial-equilibrium models of dynamic structural demand with forward-looking decision-makers, full equilibrium models that integrate the supply side, integration of bounded rationality in dynamic structural models of choice and public policy implications of these models.

Rational Choice Theory: A Cultural Reconsideration

Economists have heralded the formulation of the expected utility theorem as a universal method of choice under uncertainty. In their seminal paper, Stigler and Becker (Stigler & Becker, 1977) declared that “human behavior can be explained by a generalized calculus of utility-maximizing behavior” (p.76). The universality of the rational choice theory has been widely criticized by psychologists, ...

Tourism Gaining Cogency from an Industry-Driven Force to a Public -Platform Choice

Simulation of Lid Driven Cavity Flow at Different Aspect Ratios Using Single Relaxation Time Lattice Boltzmann Method

Abstract   Due to restrictions on the choice of relaxation time in single relaxation time (SRT) models, simulation of flows is generally limited base on this method. In this paper, the SRT lattice Boltzmann equation was used to simulate lid driven cavity flow at different Reynolds numbers (100-5000) and three aspect ratios, K=1, 1.5 and 4. The point which is vital in convergence of this scheme ...

A reflection on models of teaching sociology based on the lived experience of a group of constituencies: A Grounded Theory-driven Model

This study aimed to examine different models of teaching sociology in Iran, using Glaserschr('39') Grounded Theory (GT) method. A total of 19 doctoral students were participated in this study. Participants were selected through a targeted and theoretical sampling method and underwent semi-structured interviews to the point of data and theoretical saturation. The data were analyzed in three stag...