Process and context in choice models

Research output: Contribution to journal › Journal article › Research › peer-review

Standard

Process and context in choice models. / Ben-Akiva, Moshe; de Palma, André; McFadden, Daniel; Abou-Zeid, Maya; Chiappori, Pierre-André; de Lapparent, Matthieu; Durlauf, Steven N.; Fosgerau, Mogens; Fukuda, Daisuke; Hess, Stephane; Manski, Charles; Pakes, Ariel; Picard, Nathalie; Walker, Joan.

In: Marketing Letters, Vol. 23, No. 2, 06.2012, p. 439-456.

Research output: Contribution to journal › Journal article › Research › peer-review

Harvard

Ben-Akiva, M, de Palma, A, McFadden, D, Abou-Zeid, M, Chiappori, P-A, de Lapparent, M, Durlauf, SN, Fosgerau, M, Fukuda, D, Hess, S, Manski, C, Pakes, A, Picard, N & Walker, J 2012, 'Process and context in choice models', Marketing Letters, vol. 23, no. 2, pp. 439-456. https://doi.org/10.1007/s11002-012-9180-7

APA

Ben-Akiva, M., de Palma, A., McFadden, D., Abou-Zeid, M., Chiappori, P-A., de Lapparent, M., Durlauf, S. N., Fosgerau, M., Fukuda, D., Hess, S., Manski, C., Pakes, A., Picard, N., & Walker, J. (2012). Process and context in choice models. Marketing Letters, 23(2), 439-456. https://doi.org/10.1007/s11002-012-9180-7

Vancouver

Ben-Akiva M, de Palma A, McFadden D, Abou-Zeid M, Chiappori P-A, de Lapparent M et al. Process and context in choice models. Marketing Letters. 2012 Jun;23(2):439-456. https://doi.org/10.1007/s11002-012-9180-7

Author

Ben-Akiva, Moshe ; de Palma, André ; McFadden, Daniel ; Abou-Zeid, Maya ; Chiappori, Pierre-André ; de Lapparent, Matthieu ; Durlauf, Steven N. ; Fosgerau, Mogens ; Fukuda, Daisuke ; Hess, Stephane ; Manski, Charles ; Pakes, Ariel ; Picard, Nathalie ; Walker, Joan. / Process and context in choice models. In: Marketing Letters. 2012 ; Vol. 23, No. 2. pp. 439-456.

Bibtex

@article{18f899f192bf4f56bcdc9ae5fe57686f,
title = "Process and context in choice models",
abstract = "We develop a general framework that extends choice models by including an explicit representation of the process and context of decision making. Process refers to the steps involved in decision making. Context refers to factors affecting the process, focusing in this paper on social networks. The extended choice framework includes more behavioral richness through the explicit representation of the planning process preceding an action and its dynamics and the effects of context (family, friends, and market) on the process leading to a choice, as well as the inclusion of new types of subjective data in choice models. We discuss the key issues involved in applying the extended framework, focusing on richer data requirements, theories, and models, and present three partial demonstrations of the proposed framework. Future research challenges include the development of more comprehensive empirical tests of the extended modeling framework.",
keywords = "Context, Decision making process, Econometric models, Social networks, Subjective data",
author = "Moshe Ben-Akiva and {de Palma}, Andr{\'e} and Daniel McFadden and Maya Abou-Zeid and Pierre-Andr{\'e} Chiappori and {de Lapparent}, Matthieu and Durlauf, {Steven N.} and Mogens Fosgerau and Daisuke Fukuda and Stephane Hess and Charles Manski and Ariel Pakes and Nathalie Picard and Joan Walker",
year = "2012",
month = jun,
doi = "10.1007/s11002-012-9180-7",
language = "English",
volume = "23",
pages = "439--456",
journal = "Marketing Letters",
issn = "0923-0645",
publisher = "Springer New York",
number = "2",

}

RIS

TY - JOUR

T1 - Process and context in choice models

AU - Ben-Akiva, Moshe

AU - de Palma, André

AU - McFadden, Daniel

AU - Abou-Zeid, Maya

AU - Chiappori, Pierre-André

AU - de Lapparent, Matthieu

AU - Durlauf, Steven N.

AU - Fosgerau, Mogens

AU - Fukuda, Daisuke

AU - Hess, Stephane

AU - Manski, Charles

AU - Pakes, Ariel

AU - Picard, Nathalie

AU - Walker, Joan

PY - 2012/6

Y1 - 2012/6

N2 - We develop a general framework that extends choice models by including an explicit representation of the process and context of decision making. Process refers to the steps involved in decision making. Context refers to factors affecting the process, focusing in this paper on social networks. The extended choice framework includes more behavioral richness through the explicit representation of the planning process preceding an action and its dynamics and the effects of context (family, friends, and market) on the process leading to a choice, as well as the inclusion of new types of subjective data in choice models. We discuss the key issues involved in applying the extended framework, focusing on richer data requirements, theories, and models, and present three partial demonstrations of the proposed framework. Future research challenges include the development of more comprehensive empirical tests of the extended modeling framework.

AB - We develop a general framework that extends choice models by including an explicit representation of the process and context of decision making. Process refers to the steps involved in decision making. Context refers to factors affecting the process, focusing in this paper on social networks. The extended choice framework includes more behavioral richness through the explicit representation of the planning process preceding an action and its dynamics and the effects of context (family, friends, and market) on the process leading to a choice, as well as the inclusion of new types of subjective data in choice models. We discuss the key issues involved in applying the extended framework, focusing on richer data requirements, theories, and models, and present three partial demonstrations of the proposed framework. Future research challenges include the development of more comprehensive empirical tests of the extended modeling framework.

KW - Context

KW - Decision making process

KW - Econometric models

KW - Social networks

KW - Subjective data

UR - http://www.scopus.com/inward/record.url?scp=84862129350&partnerID=8YFLogxK

U2 - 10.1007/s11002-012-9180-7

DO - 10.1007/s11002-012-9180-7

M3 - Journal article

AN - SCOPUS:84862129350

VL - 23

SP - 439

EP - 456

JO - Marketing Letters

JF - Marketing Letters

SN - 0923-0645

IS - 2

ER -

ID: 181872311