Marketing Letters

, Volume 13, Issue 3, pp 163–175

Hybrid Choice Models: Progress and Challenges

  • Moshe Ben-Akiva
  • Daniel Mcfadden
  • Kenneth Train
  • Joan Walker
  • Chandra Bhat
  • Michel Bierlaire
  • Denis Bolduc
  • Axel Boersch-Supan
  • David Brownstone
  • David S. Bunch
  • Andrew Daly
  • Andre De Palma
  • Dinesh Gopinath
  • Anders Karlstrom
  • Marcela A. Munizaga
Article

DOI: 10.1023/A:1020254301302

Cite this article as:
Ben-Akiva, M., Mcfadden, D., Train, K. et al. Marketing Letters (2002) 13: 163. doi:10.1023/A:1020254301302

Abstract

We discuss the development of predictive choice models that go beyond the random utility model in its narrowest formulation. Such approaches incorporate several elements of cognitive process that have been identified as important to the choice process, including strong dependence on history and context, perception formation, and latent constraints. A flexible and practical hybrid choice model is presented that integrates many types of discrete choice modeling methods, draws on different types of data, and allows for flexible disturbances and explicit modeling of latent psychological explanatory variables, heterogeneity, and latent segmentation. Both progress and challenges related to the development of the hybrid choice model are presented.

choice modelingmixed logitlogit kernelsimulationestimationlatent variables

Copyright information

© Kluwer Academic Publishers 2002

Authors and Affiliations

  • Moshe Ben-Akiva
    • 1
  • Daniel Mcfadden
    • 2
  • Kenneth Train
    • 2
  • Joan Walker
    • 1
  • Chandra Bhat
    • 3
  • Michel Bierlaire
    • 4
  • Denis Bolduc
    • 5
  • Axel Boersch-Supan
    • 6
  • David Brownstone
    • 7
  • David S. Bunch
    • 8
  • Andrew Daly
    • 9
  • Andre De Palma
    • 10
  • Dinesh Gopinath
    • 11
  • Anders Karlstrom
    • 12
  • Marcela A. Munizaga
    • 13
  1. 1.Massachusetts Institute of TechnologyUSA
  2. 2.University of California at BerkeleyUSA
  3. 3.USA
  4. 4.Ecole Polytechnique Fédérale de LausanneCanada
  5. 5.Université LavalCanada
  6. 6.Universität MannheimCanada
  7. 7.University of California at IrvineUSA
  8. 8.University of California at DavisUSA
  9. 9.RAND EuropeUK
  10. 10.University of Cergy-PontoiseFrance
  11. 11.Mercer Management ConsultingUSA
  12. 12.Royal Institute of TechnologySweden
  13. 13.Universidad de ChileChile