Browsing ITLS Working Papers 2011 by author "Chorus, Caspar G."
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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
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