Hierarchical Bayesian Method in the Study of Individual Level Behavior : In the Context of Discrete Choice Modeling with Revealed and Stated Preference Data

Language: English

Published by AV Akademikerverlag, 2012

3639415051 / 9783639415056

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Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH

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nach der Bestellung gedruckt Neuware - Printed after ordering - Revision with unchanged content. A major breakthrough in travel demand modeling in the early 1970's was modeling based on disaggregate (individual) level data (McFadden 2001). Although the disaggregate model focuses on individual level behavior, the estimated model parameters are fixed across individuals. To incorporate unobserved taste variations across individuals, recent developments allow for the parameters to vary across individuals, such as the Mixed Logit model, where the parameters are assumed to follow a distribution. The mixed logit model recognizes the differences among individuals, but it does not distinguish individuals who respond differently to travel service changes. This study focuses on the application of the Hierarchical Bayesian method to obtain individual level inferences. We demonstrate the advantage of this method by obtaining a more reasonable distribution of value of travel time relative to the distribution obtained from the mixed logit model. In addition, the HB method helps us to combine information from both revealed and stated preference data, where the revealed preference data is limited to properties of only the chosen alternatives.…

Seller Inventory # 9783639415056

Title
Hierarchical Bayesian Method in the Study of Individual Level Behavior : In the Context of Discrete Choice Modeling with Revealed and Stated Preference Data
Author
Xiaojing Dong
Publisher
AV Akademikerverlag
Publication year
2012
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
3639415051
ISBN 13
9783639415056
Item weight
119 grams
Dimensions
220x150x5 mm

AHA-BUCH GmbH

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