In economics, a random utility model (RUM), also called stochastic utility model, is a mathematical description of the preferences of a person, whose choices...

It has been shown that a mixed logit model can approximate to any degree of accuracy any true random utility model of discrete choice, given appropriate...

from randomness (DFR), is a generalization of one of the very first models, Harter's 2-Poisson indexing-model. It is one type of probabilistic model. It...

choice modelling can be traced to Thurstone's research into food preferences in the 1920s and to random utility theory. In economics, random utility theory...

Logit Model - Suitable for route choice problems. Generalized Extreme Value Model - General class of model, derived from the random utility model to which...

Choice modelling Conjoint analysis Contingent valuation or stated preference methods Foot voting Hedonic regression Induced demand Random utility model - an...

In video game AI, a utility system, or utility AI, is a simple but effective way to model behaviors for non-player characters. Using numbers, formulas...

York: Wiley. ISBN 9780471528890. Baltas, G.; Doyle, P. (2001). "Random Utility Models in Marketing Research: A Survey". Journal of Business Research....

The random walk model of consumption was introduced by economist Robert Hall. This model uses the Euler numerical method to model consumption. He created...

In probability theory, a Markov model is a stochastic model used to model pseudo-randomly changing systems. It is assumed that future states depend only...