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2024 | OriginalPaper | Chapter

2. Discrete Choice Models

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Abstract

Discrete choice models enjoy a broad popularity in the research community as well as amongst practitioners in the industry. From a theoretical point of view these models attract researchers of different fields due to their interdisciplinary character. Central aspect is the analysis of individual choices, since discrete choice models analyze how and why decisions are made.

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Footnotes
1
The Gumbel distribution is also known as generalized extreme value distribution type-I.
 
2
Most of the conditions are satisfied by Assumption 1 from Sect.  2.1, additionally the choice probabilities viewed as a function of the deterministic utility must be continuously differentiable.
 
3
For that, it is assumed that the regularization function V is strictly convex on every convex subset of points, where V is subdifferentiable.
 
Metadata
Title
Discrete Choice Models
Author
David Müller
Copyright Year
2024
DOI
https://doi.org/10.1007/978-3-658-45705-1_2

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