Applied Choice Analysis

A fully updated second edition of this popular introduction to applied choice analysis, written for graduate students, researchers, professionals and consultants.

David A. Hensher (Author), John M. Rose (Author), William H. Greene (Author)

9781107465923, Cambridge University Press

Paperback / softback, published 11 June 2015

1216 pages, 150 b/w illus. 182 tables
24.6 x 17.6 x 5.1 cm, 2.37 kg

'I cannot imagine a better introduction to choice modeling. The authors manage to bring a vivid, storytelling voice to this complex topic, with language that has personality and rhythm. The various interrelated concepts and procedures that constitute choice modeling come across as simple and straightforward. An amazing feat. The ins-and-outs of a computer code are also taught along with the statistical methods. This integration of computer language within the text is unusual and highly valuable, giving readers all the steps that are needed to implement the methods on their own data.' Kenneth Train, Adjunct Professor, University of California, Berkeley

The second edition of this popular book brings students fully up to date with the latest methods and techniques in choice analysis. Comprehensive yet accessible, it offers a unique introduction to anyone interested in understanding how to model and forecast the range of choices made by individuals and groups. In addition to a complete rewrite of several chapters, new topics covered include ordered choice, scaled MNL, generalized mixed logit, latent class models, group decision making, heuristics and attribute processing strategies, expected utility theory, and prospect theoretic applications. Many additional case studies are used to illustrate the applications of choice analysis with extensive command syntax provided for all Nlogit applications and datasets available online. With its unique blend of theory, estimation, and application, this book has broad appeal to all those interested in choice modeling methods and will be a valuable resource for students as well as researchers, professionals, and consultants.

Preface
Part I. Getting Started: 1. In the beginning
2. Choosing
3. Choice and utility
4. Families of discrete choice models
5. Estimating discrete choice models
6. Experimental design and choice experiments
7. Statistical inference
8. Other matters that analysts often inquire about
Part II. Software and Data: 9. Nlogit for applied choice analysis
10. Data set up for Nlogit
Part III. The Suite of Choice Models: 11. Getting started modeling: the workhorse - multinominal logit
12. Handling unlabeled discrete choice data
13. Getting more from your model
14. Nested logit estimation
15. Mixed logit estimation
16. Latent class models
17. Binary choice models
18. Ordered choices
19. Combining sources of data
Part IV. Advanced Topics: 20. Frontiers of choice analysis
21. Attribute processing, heuristics, and preference construction
22. Group decision making
Select glossary
References
Index.

Subject Areas: Environmental economics [KCN], Economic statistics [KCHS], Econometrics [KCH], Economics [KC]