On the similarities between random regret minimization and mother logit: The case of recursive route choice models

Tien Mai, Fabian Bastin and Emma Frejinger

Journal of choice modelling, 2017, vol. 23, issue C, 21-33

Abstract: This paper focuses on the comparison of the random regret minimization (RRM) and mother logit models for analyzing the choice between alternatives having deterministic attributes. The mother logit model allows utilities of a given alternative to depend on attributes of other alternatives. It was designed to relax the independence from irrelevant alternatives (IIA) property while keeping the random terms independently and identically distributed extreme value distributed (McFadden et al., 1978).

Keywords: Route choice modeling; Recursive logit; Random regret minimization; Mother logit; Maximum likelihood estimation; Cross-validation (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eejocm:v:23:y:2017:i:c:p:21-33

DOI: 10.1016/j.jocm.2017.03.002

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