Accounting for stochastic variables in discrete choice models
Posted: 23 Apr 2024, 20:21
Dear Stephane,
I was wondering if it could be necessary to use stochastic variables instead of deterministic variables for the attributes in my Mixed Logit model.
I did not find pretty much literature on this topic besides "Diaz et al, 2015, Accounting for stochastic variables in discrete choice models". Maybe you could give any advice on when to use stochastic instead of deterministic specified variables or when / how to test for it.
Thank you very much in advance.
Best,
Julia
I was wondering if it could be necessary to use stochastic variables instead of deterministic variables for the attributes in my Mixed Logit model.
I did not find pretty much literature on this topic besides "Diaz et al, 2015, Accounting for stochastic variables in discrete choice models". Maybe you could give any advice on when to use stochastic instead of deterministic specified variables or when / how to test for it.
Thank you very much in advance.
Best,
Julia