Journal article
Hybrid Compensatory-Noncompensatory Choice Sets in Semicompensatory Models
Semicompensatory models represent a choice process consisting of an elimination-based choice set formation on satisfaction of criterion thresholds and a utility-based choice. Current semicompensatory models assume a purely noncompensatory choice set formation and therefore do not support multinomial criteria that involve trade-offs between attributes at the choice set formation stage.
This study proposes a novel behavioral paradigm consisting of a hybrid compensatory-noncompensatory choice set formation process, followed by compensatory choice. The behavioral paradigm is represented by a mathematical model that combines multinomial-response and ordered-response thresholds with a utility-based choice.
The proposed model is applied to a stated preference experiment of off-campus rental apartment choices by students. Results demonstrate the applicability and feasibility of incorporating multinomial-response thresholds into semicompensatory models.
Language: | English |
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Year: | 2013 |
Pages: | 10-19 |
ISSN: | 21694052 and 03611981 |
Types: | Journal article |
DOI: | 10.3141/2322-02 |
ORCIDs: | Kaplan, Sigal |