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Questions tagged [discrete-preferences]

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What is the difference between the discrete choice method and the generalised cost method in transport planning?

I have been using the generalised cost method in an agent based model. The generalised cost method enables each individual agent to make a decision on what mode of transport it will take given a range ...
LearningSlowly's user avatar
2 votes
1 answer

If a rational preference relation over simple lotteries $\succsim$ are convex then they satisfy independence?

Let´s say there is an uncertain situation with $N$ possible consequences $C = \{C_1, . . . C_N\}$. Assume that there is a rational preference relation $\succsim$ over simple lotteries. I know that if ...
crosscut22's user avatar
2 votes
1 answer

Trouble Understanding the Integral Underlying Random Utility Models

Given a utility function, $U_{nj} = V_{nj} + \varepsilon_{nj}$, it makes sense that we can find the probability the decision maker $n$ chooses alternative $i$ as: $$Pr(U_{ni} > U_{nj} \forall j \...
jl_1995_95's user avatar
1 vote
1 answer

Can data from discrete choice experiments be used to predict models be used to predict willingnes to pay by specific individuals?

I am not an econometrician, but noticed that discrete choice experiments are often used to determine willingness to pay for products with specific characteristics and prices. However, these average ...
Ricardo Pietrobon's user avatar
1 vote
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Python package for discrete preferences

Do you know of a package allowing to create objects representing agents with (strict) preferences over (a finite set of) discrete objects $A,B,C,…$, and profiles thereof. A minimal requirement would ...
Martin Van der Linden's user avatar
-1 votes
1 answer

Representing a Lexicographic Preference in a Natural X Natural Choice Space With Utility Function

my current thinking is i have to dis/prove two things cardinality continuity but im not sure about how it would apply since the above is a natural X natural choice space I know cardinality of ...
theshadowers's user avatar