BACKGROUND Given the looming shortage of physicians in Canada, we wished to determine how closely the career preference of students entering Canadian medical schools was aligned with the current physician mix in Canada. METHODS Career choice information was collected from a survey of 2,896 Canadian medical students upon their entry to medical school. The distribution of career choices of surv...

We consider a discrete choice model in which the payoffs to each of an agent’s n actions are subjected to the average of m i.i.d. shocks, and use tools from large deviations theory to characterize the rate of decay of the probability of choosing a given suboptimal action as m approaches infinity. Our model includes the multinomial probit model of Myatt and Wallace (2003) as a special case. We s...

We provide a simple necessary and suffi cient condition for when a multiproduct demand system can be generated from a discrete choice model with unit demands.

Many economic decisions involve a binary choice for example, workers choosing between education and labor force participation, consumers determining whether to buy a good, firms selecting whether to enter a market or whether to adopt a new technology. In such settings, agents’ choices often depend on imperfect expectations of the future payoffs from their decision (expectational error) as well ...

This paper simultaneously measures the rate of time preference and the coefficient of risk aversion, as well as investigates the interdependencies of four addictive behaviours: smoking, drinking, pachinko (a popular Japanese form of pinball gambling), and horse betting among a sample of the Japanese population. We reach two main conclusions. First, there are significant interdependencies among ...

Despite growing interest in urban consumption amenities, little is known about their origin and importance. This paper estimates the consumption value of urban density by combining travel microdata with Google’s local business data. This dataset allows to integrate travel costs into a discrete choice model for restaurants. I find that in high density areas, consumers enjoy large benefits from v...

BACKGROUND It is important to inform medical educators and workforce planners in Anaesthesia about early career choices for the specialty, factors that influence them and to elucidate how recent choices of men and women doctors relate to the overall historical trends in the specialty's popularity. METHODS We analysed longitudinal data on career choice, based on self-completed questionnaires, ...

We link a stochastic binary choice model of individual decisions to participate in the marine sport fisheries in Cook Inlet, Alaska, with a simulation-based sample enumeration procedure for aggregating estimates of individual angler welfare and a regionally adjusted zip code-level input-output model of regional economic activity. The result is a behaviorally based model for predicting changes i...

Empirically, teenagers who use alcohol or marijuana in one period are more likely to use hard drugs in the future. This pattern can be explained by a causal effect of soft drug consumption on future consumption of hard drugs (i.e., state dependence between drugs or stepping-stone effects) or by unobserved characteristics that make people more likely to use both soft and hard drugs (i.e., correl...

In this paper we introduce the fare planning problem for public transport which consists in designing a system of fares maximizing revenue. We propose a new simple general model for this problem. It is based on a demand function and constraints for the different fares. The constraints define the structure of the fare system, e.g., distance dependent fares or zone fares. We discuss a simple exam...