2 papers
econ.EM2025
Flexibility without foresight: the predictive limitations of mixture models
Stephane Hess, Sander van Cranenburgh
Models allowing for random heterogeneity, such as mixed logit and latent class, are generally observed to obtain superior model fit and yield detailed insights into unobserved pref…
econ.EM2024
Understanding the decision-making process of choice modellers
Gabriel Nova, Sander van Cranenburgh, Stephane Hess
Discrete Choice Modelling serves as a robust framework for modelling human choice behaviour across various disciplines. Building a choice model is a semi structured research proces…