The aim of this paper is to describe a new approach in decisionmaking under uncertainty related to discrete choice models (DCM) and stochastic dominance (SD). A common basic structure is recognized for DCM and SD and both are embedded in the new approach.
Get full access to this article
View all access options for this article.
References
1.
AnasA, 1983, “Discrete choice theory, information theory and the multinomial logit and gravity models”Transportation Research17B13–23
2.
ArcangeliE FLeonardiGReggianiA, 1986, “Alternative theoretical frameworks for the interpretation of random utility models”Papers of the Regional Science Association57 forthcoming
3.
BahrenbergGFischerM MNijkampP, (Eds), 1984Recent Developments in Spatial Data Analysis. Methodology, Measurement, Models (Gower, Aldershot, Hants)
4.
BawaW S, 1982, “Stochastic dominance: a research bibliography”Management Science28698–712
5.
BorchK, 1968, “The economics of uncertainty” (Princeton University Press, Princeton, NJ)
6.
BrockW AMalliarisA G, 1982Stochastic Methods in Economics and Finance (North-Holland, Amsterdam)
7.
DaboniL, 1982, “Sulla nozione di utilita’ bernoulliana” in Saggi in Onore di Bruno Menegoni Aa. Vv. (Alceo Editore, Padova) pp 97–114
8.
DomencichT AMcFaddenD, 1975Urban Travel Demand: A Behavioural Analysis (North-Holland, Amsterdam)
9.
DrèzeJ H, 1974, “Axiomatic theories of choice, cardinal utility and subjective probability” in Allocations under Uncertainty: Equilibrium and Optimality Ed. DrèzeJ H (Macmillan, London) pp 3–23
10.
FischerM MNijkampP, 1985a, “Categorical data and choice analysis in a spatial context” in Optimization and Discrete Choice in Urban Systems Eds HutchinsonB GNijkampPBattyM (Springer, Berlin) pp 1–30
11.
FischerM MNijkampP, 1985b, “Developments in explanatory discrete spatial data and choice analysis”Progress in Human Geography9515–551
12.
FishburnP C, 1977, “Expected utility theory: a review note” in Mathematical Economics and Game Theory Eds HennRMoeschlinO (Springer, Berlin) pp 197–207
13.
GriguoloSReggianiA, 1985, “I modelli di scelta tra alternative discrete: alcune note introduttive”Archivio di Studi Urbani e Regionali2247–85
14.
HanochGLevyH, 1969, “The efficiency analysis of choices involving risk”Review of Economic Studies36335–346
15.
HernsteinI NMilnorJ, 1953, “An axiomatic approach to measurable utility”Econometrica21291–297
16.
HorowitzJ L, 1985, “Random utility travel demand models” in Transportation and Mobility in an Era of Transition Eds JansenG R MNijkampPRuijgrokC J (North-Holland, Amsterdam) pp 141–155
17.
KotzS, 1982Encyclopedia of Statistical Sciencesthird edition (John Wiley, New York)
18.
LeonardiG, 1984, “The structure of random utility models in the light of asymptotic theory of extremes” in Transportation Planning Models Ed. FlorianM (North-Holland, Amsterdam) pp 107–133
19.
LeonardiG, 1985a, “Equivalenza asintotica tra la teoria delle utilità casuali e la massimizzazione dell'entropia” in Territorio e Trasporti. Modelli Matematici per l'Analisi e la Pianificazione Ed. ReggianiA (Franco Angeli, Milano) pp 29–66
20.
LeonardiG, 1985b, “Asymptotic approximations of the assignment model with stochastic heterogeneity in the matching utilities”Environment and Planning A171303–1314
21.
LevyHSarnatM, 1977Financial Decision Making under Uncertainty (Academic Press, New York)
22.
LongleyP, 1984, “Discrete choice modelling and complex spatial choice: an overview” in Recent Developments in Spatial Data Analysis Eds BahrenbergGFischerM MNijkampP (Gower, Aldershot, Hants) pp 375–391
23.
NijkampPLeitnerHWrigleyN, (Eds), 1985Measuring the Unmeasurable (Martinus Nijhoff, The Hague)
24.
McFaddenD, 1974, “Conditional logit analysis of qualitative choice behaviour” in Frontiers in Econometrics Ed. ZarembkaP (Academic Press, New York) pp 105–142
25.
PitfieldD E, (Ed.), 1984London Papers in Regional Science 14. Discrete Choice Models in Regional Science (Pion, London)
26.
TimmermansH, 1984, “Decision models for predicting preferences among multiattribute choice alternatives” in Recent Developments in Spatial Data Analysis Eds BahrenbergGFischerM MNijkampP (Gower, Aldershot, Hants) pp 337–354
27.
TimmermansHBorgersA, 1985, “Spatial choice models. Fundamentals, trends and prospects”paper presented at the 4th European Colloquium on Theoretical and Quantitative Geography, Eindhoven, 9–13 September; copy available from Timmermans, Department of Architecture, Building, and Planning, Eindhoven University of Technology, PO Box 513, 5600 MB Eindhoven
28.
van LieropW, 1985Spatial Interaction Modelling and Residential Choice AnalysisPhD thesis, Department of Economics, Free University, PB7161, 1007 MC Amsterdam
29.
van LieropWNijkampP, 1982, “Disaggregate models of choice in a spatial context”Sistemi Urbani3301–309
30.
Von NeumannJMorgensternO, 1947Theory of Games and Economic Behaviour (Princeton University Press, Princeton, NJ)