In this article, we provide a random utility-based derivation of the Dirichlet-multinomial regression and propose it as a convenient alternative for dealing with overdispersed multinomial data. We ...

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Extending the traditional discrete choice model by incorporating latent psychological factors can help to better understand the individual's decision-making process and therefore to yield more ...

Steele, F., Washbrook, E., Charlton, C. and Browne, W.J. A longitudinal mixed logit model for estimation of push and pull effects in residential location choice. Choice of residential location ...

ABSTRACT: Success or failure of an E-commerce platform is often reduced to its ability to maximize the conversion rate of its visitors. This is commonly regarded as the capacity to induce a purchase ...

ABSTRACT: The paper designs a quantum model of decision-making (QMDM) that utilizes neuroscientific evidence. The new model provides both normative and positive implications to economics. First, it ...