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Accounting for stochastic variables in discrete choice models

Ask questions about model specifications. Ideally include a mathematical explanation of your proposed model.
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JuliavB
Posts: 42
Joined: 18 Aug 2021, 13:36

Accounting for stochastic variables in discrete choice models

Post by JuliavB »

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
stephanehess
Site Admin
Posts: 1002
Joined: 24 Apr 2020, 16:29

Re: Accounting for stochastic variables in discrete choice models

Post by stephanehess »

Julia

this should only be needed in situations where you have uncertainty about the attributes

Stephane
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Stephane Hess
www.stephanehess.me.uk
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