Results from five studies of real-life decision making are compared. In these studies, participants consistently constrained the amount of information they considered to relatively few options and to a somewhat larger set of criteria. Over time, the number of options considered shrank, but the number of criteria used did not. People's intuitive "calibration" with the predictions of normative li...

Random coefficient models such as mixed logit are increasingly being used to allow for random heterogeneity in willingness to pay (WTP) measures. In the most commonly used specifications, the distribution of WTP for an attribute is derived from the distribution of the ratio of individual coefficients. Since the cost coefficient enters the denominator, its distribution plays a major role in the ...

The modal split model is one of the steps of the classical four-step travel demand planning. Predictive, descriptive, and prescriptive modal split models are essential to make a balance between travel demand and supply. To calibrate these models, it is necessary to detect and employ influential independent variables that are related to characteristics of travel modes, individual and family attr...

Transportation models as  tools for transportation planning are critical to such related decisions. Considering the high cost of calibrating and validating such models, effective alternatives are highly sought for; one such alternative being the use of models calibrated for other cities. This calls for transferability analysis which has not been the subject of many researches. Due to criticalit...

Human decision making underlies data generating process in multiple application areas, and models explaining and predicting choices made by individuals are in high demand. Discrete choice models are widely studied in economics and computational social sciences. As digital social networking facilitates information flow and spread of influence between individuals, new advances in modeling are nee...

Discrete choice models are employed (as the name suggests) to explain a discrete choice that an individual makes. For example, such a choice might be whether or not to join the labor force, whether or not to buy a car, whether or not to continue on to graduate school, whether or not to accept a job with a consulting …rm, or whether or not to sign up with an internet provider. Later in the cours...

This chapter examines different models commonly used to model probabilistic choice, such as eg the choice of one type of transportation from among many choices available to the consumer. Section 1 discusses derivation and limitations of conditional logit models. Section 2 discusses probit models and Section 3 discusses the nested logit (generalized extreme value models), which address some of t...

Background and Aim: The aim of this study was to evaluate the structural integrity of multiple-choice questions according to the Millman checklist, and to assess thedistinguishing power of these questions between weak and strong students in theoretical courses of Periodontics in an academic year (2014-15) in Dental Branch of Tehran Islamic Azad University. Materials and Methods: A total of...