Browsing by author "Greene, William H."
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Accounting for Attribute Non-Attendance and Common-Metric Aggregation in a Probabilistic Decision Process Mixed Multinomial Logit Model: A Warning on Potential Confounding
Hensher, David A.; Greene, William H.; Collins, Andrew T.Published 2013-01-01Latent class models offer an alternative perspective to the popular mixed logit form, replacing the continuous distribution with a discrete distribution in which preference heterogeneity is captured by membership of distinct ...Open AccessArticle -
Does scale heterogeneity across individuals matter?
Greene, William H.; Hensher, David A.Published 2010-08-01There is growing interest in establishing a mechanism to account for scale heterogeneity across individuals (essentially the variance of a variance term or the standard deviation of utility over different choice situations), ...Open AccessWorking Paper -
Experience as a conditioning effect on choice – Does it matter whether it is exogenous or endogenous?
Hensher, David A.; Balbontin, Camila; Greene, William H.Published 2019-07-01Hensher and Ho (2017) proposed a way to condition the utility of each alternative in a choice set on experience with the alternatives accumulated over previous periods. The paper found that the overall statistical performance ...Open AccessWorking Paper -
Inferring attribute non-attendance from stated choice data: Implications for willingness to pay estimates and a warning for stated choice experiment design
Hensher, David A.; Rose, John M.; Greene, William H.Published 2012-02-01There is a growing interest in traveller behaviour research to explore alternative information processing strategies (often referred to as heuristics or rules) adopted by individuals when assessing packages of attributes ...Open AccessWorking Paper -
The Mixed Logit Model: The State of Practice
Hensher, David A.; Greene, William H.Published 2002-01-01The mixed logit model is considered to be the most promising state of the art discrete choice model currently available. Increasingly researchers and practitioners are estimating mixed logit models of various degrees of ...Open AccessWorking Paper -
Non-attendance and dual processing of common-metric attributes in choice analysis: A latent class specification
Hensher, David A.; Greene, William H.Published 2009-05-01There is a growing literature that promotes the presence of process heterogeneity in the way that individuals evaluate packages of attributes in real or hypothetical markets and make choices. A centerpiece of current ...Open AccessWorking Paper -
Random regret minimisation and random utility maximisation in the presence of preference heterogeneity: An empirical contrast
Hensher, David A.; Greene, William H.; Ho, ChinhPublished 2015-04-01Random regret minimisation (RRM) interpretations of discrete choices are growing in popularity as a complementary modelling paradigm to random utility maximisation (RUM). While behaviourally very appealing in the sense of ...Open AccessWorking Paper -
Random regret minimization or random utility maximization: An exploratory analysis in the context of automobile fuel choice
Hensher, David A.; Greene, William H.; Chorus, Caspar G.Published 2011-12-01Interest in alternative behavioural paradigms to random utility maximisation (RUM) has existed ever since the dominance of the RUM formulation. One alternative is known as random regret minimisation (RRM), which suggests ...Open AccessWorking Paper -
Social exclusion and the value of mobility
Stanley, John; Hensher, David A.; Stanley, Janet; Currie, Graham; Greene, William H.; Vella-Brodrick, DiannePublished 2010-07-01This paper investigates factors likely to increase a person’s risk of social exclusion, drawing on survey data specifically framed for this purpose. We use a generalised ordered logit model that accounts for observed and ...Open AccessWorking Paper -
Specification and Estimation of Nested Logit Models
Hensher, David A.; Greene, William H.Published 1999-02-01The nested logit model is currently the preferred extension to the simple multinomial logit discrete choice model. The appeal of the nested logit model is its ability to accommodate differential degrees of interdependence ...Open AccessWorking Paper -
Using Classical Inference Methods to reveal individual-specific parameter estimates to avoid the potential complexities of WTP derived from population moments
Hensher, David A.; Greene, William H.; Rose, John M.Published 2003-10-01nference estimation methods for logit models with Bayesian methods and suggested that the latter are more appealing on grounds of relative simplicity in estimation and in producing individual observation parameter estimates ...Open AccessWorking Paper
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