2009
DOI: 10.3141/2134-18
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Two-Stage Model for Jointly Revealing Determinants of Noncompensatory Conjunctive Choice Set Formation and Compensatory Choice

Abstract: Understanding the distribution and the determinants of search criteria thresholds helps in representing choice set formation and choice behavior. The development and estimation are presented of a two-stage model that jointly represents search criteria thresholds, within a noncompensatory choice set formation stage, and choice behavior, within a compensatory stage. Data were collected by using a custom-designed web-based choice experiment that seamlessly tracked the entire choice process by recording choice pro… Show more

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Cited by 13 publications
(5 citation statements)
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“…The model specification assumes that the utility maximization choice depends on the attributes of the apartments included in the choice set. According to Kaplan et al, the inclusion of interaction terms between individual characteristics and apartment attributes for this particular case study results in only a minimal increase of the model's goodness of fit (8). Therefore, parsimony considerations suggest that the current model specification should not include interaction terms between individual characteristics and apartment attributes.…”
Section: Datamentioning
confidence: 86%
See 1 more Smart Citation
“…The model specification assumes that the utility maximization choice depends on the attributes of the apartments included in the choice set. According to Kaplan et al, the inclusion of interaction terms between individual characteristics and apartment attributes for this particular case study results in only a minimal increase of the model's goodness of fit (8). Therefore, parsimony considerations suggest that the current model specification should not include interaction terms between individual characteristics and apartment attributes.…”
Section: Datamentioning
confidence: 86%
“…Results indicate that (a) the hypothesized model has an excellent goodness of fit, thus supporting the proposed behavioral paradigm; (b) the compensatory evaluation of the aggregate apartment groups at the choice set formation stage is related to neighborhood characteristics and individual socioeconomic characteristics; (c) accounting for the correlations between the multinomial and the ordered thresholds greatly improves the model's goodness of fit; and (d) the utility-based choice from the viable choice set is related to apartment structural features, number of roommates, presence of electrical appliances, and location amenities. Although the results derive from a particular survey interface, the survey design and the apartment database used were based on actual data drawn from real estate databases, and therefore the analysis is sufficiently general to provide information on local student residential choice in the study area (8,25).…”
Section: Conclusion and Further Researchmentioning
confidence: 99%
“…Cantillo and de Dios Ortúzar (2005) argued that thresholds, which can be expressed as a function of socio-economics characteristics of the individual and the conditions under which the choice process takes place, can be used to determine whether a choice is in the choice set or not. The discussion on generating choice sets with respect of individual characteristics and choice scenarios is also presented in a list of recent studies, such as Kaplan et al (2009Kaplan et al ( , 2011, Castro et al (2013), Vij et al (2013). However, those studies only consider the choice scenarios where the universal set is manageable.…”
Section: Potentials In Activity-based Modeling and Policy Decision Mamentioning
confidence: 98%
“…The estimation of the two-stage models is computationally intensive and their severely restrictive assumptions impede their practical application. Several studies (see Kaplan et al 2009Kaplan et al , 2012 are relaxing the assumptions embedded in these models with respect to the number of alternatives and choice sets, the representation of threshold selection and independently and identically distributed error terms across alternatives at the choice stage. Bierlaire et al (2010) show on simple examples that CMNL model is not adequate for modelling the choice set generation process consistently with Manski's framework.…”
Section: Literature Reviewmentioning
confidence: 99%