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Applied Choice Analysis

2nd Edition

$87.99 (P)

  • Date Published: August 2015
  • availability: In stock
  • format: Paperback
  • isbn: 9781107465923
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$ 87.99 (P)

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About the Authors
  • The second edition of this popular book brings students fully up to date with the latest methods and techniques in choice analysis. Comprehensive yet accessible, it offers a unique introduction to anyone interested in understanding how to model and forecast the range of choices made by individuals and groups. In addition to a complete rewrite of several chapters, new topics covered include ordered choice, scaled MNL, generalized mixed logit, latent class models, group decision making, heuristics and attribute processing strategies, expected utility theory, and prospect theoretic applications. Many additional case studies are used to illustrate the applications of choice analysis with extensive command syntax provided for all Nlogit applications and datasets available online. With its unique blend of theory, estimation, and application, this book has broad appeal to all those interested in choice modeling methods and will be a valuable resource for students as well as researchers, professionals, and consultants.

    • A comprehensive and clear introduction to the theory and practice of choice analysis; assumes little background knowledge and offers an entry point for any individual interested in understanding how to model and forecast the range of choices made by individuals and groups
    • The fully updated and revised second edition includes new developments over the last decade, such as attribute processing, perceptual conditioning, and risk attitude
    • Introduces readers to the full range of discrete choice modelling methods, including labelled and unlabelled alternatives as well as ordered and unordered alternatives; uses many case studies with NLOGIT command syntax to illustrate the application of one or more state-of-the-art choice models
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    Reviews & endorsements

    "This is an enormous book, covering in extraordinary detail all the topics selected by these respected authors. It represents a substantial update and renewal of the material covered in the first edition. In my opinion it should be on the shelves of anyone dealing with discrete choice models."
    Juan de Dios Ortúzar Salas, Pontificia Universidad Católica de Chile

    "Choice modelling is a very active and rapidly evolving field, with applications across numerous disciplines. The first edition of Applied Choice Analysis accomplished the major task of making the breadth of work accessible to a wide audience, with hands on examples provided throughout. Nine years on, the field has developed further, and David A. Hensher, John M. Rose and William H. Greene have again performed a remarkable job in explaining these new methods without unnecessary jargon and complexity, helping to educate the next generation of choice modellers and striking exactly the right balance between theory and practice."
    Stephane Hess, University of Leeds

    "The new edition of this already very popular book provides substantial added value to readers. Applied choice analysis has now been extended to include all recent developments. More intuition and further clarifications have been added. The examples provided cover thoroughly the range of case study applications. This book will work perfectly as a step-by-step introduction for the neophite as well as a core reference for the practitioner. The authors have managed to strike the right balance between practicality and accuracy, without subtracting much of the econometric details."
    Riccardo Scarpa, Gibson Chair for Food, Rural and Environmental Economics, Queens University Belfast

    "I cannot imagine a better introduction to choice modeling. The authors manage to bring a vivid, storytelling voice to this complex topic, with language that has personality and rhythm. The various interrelated concepts and procedures that constitute choice modeling come across as simple and straightforward. An amazing feat. The ins-and-outs of a computer code are also taught along with the statistical methods. This integration of computer language within the text is unusual and highly valuable, giving readers all the steps that are needed to implement the methods on their own data."
    Kenneth Train, Adjunct Professor, University of California, Berkeley

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    Customer reviews

    19th Sep 2020 by Freeflight

    The authors have succeeded in presenting a complex subject matter clearly and yet precisely. The book is logically structured, well written and summarizes all important areas of choice analysis. The book is suitable for accompanying lectures, for self-study and as a reference book. It is highly recommended for lecturers and students.

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    Product details

    • Edition: 2nd Edition
    • Date Published: August 2015
    • format: Paperback
    • isbn: 9781107465923
    • length: 1216 pages
    • dimensions: 246 x 176 x 51 mm
    • weight: 2.37kg
    • contains: 150 b/w illus. 182 tables
    • availability: In stock
  • Table of Contents

    Part I. Getting Started:
    1. In the beginning
    2. Choosing
    3. Choice and utility
    4. Families of discrete choice models
    5. Estimating discrete choice models
    6. Experimental design and choice experiments
    7. Statistical inference
    8. Other matters that analysts often inquire about
    Part II. Software and Data:
    9. Nlogit for applied choice analysis
    10. Data set up for Nlogit
    Part III. The Suite of Choice Models:
    11. Getting started modeling: the workhorse - multinominal logit
    12. Handling unlabeled discrete choice data
    13. Getting more from your model
    14. Nested logit estimation
    15. Mixed logit estimation
    16. Latent class models
    17. Binary choice models
    18. Ordered choices
    19. Combining sources of data
    Part IV. Advanced Topics:
    20. Frontiers of choice analysis
    21. Attribute processing, heuristics, and preference construction
    22. Group decision making
    Select glossary

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    Applied Choice Analysis

    David A. Hensher, John M. Rose, William H. Greene

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  • Authors

    David A. Hensher, University of Sydney
    David A. Hensher is Professor of Management, and Founding Director of the Institute of Transport and Logistics Studies (ITLS) at The University of Sydney Business School.

    John M. Rose, University of South Australia
    John M. Rose was previously Professor of Transport and Logistics Modelling at the Institute of Transport and Logistics Studies (ITLS) at the University of Sydney Business School and moved to The University of South Australia as co-director of the Institute for Choice in early March 2014.

    William H. Greene, New York University
    William H. Greene is the Robert Stansky Professor of Economics at the Stern School of Business, New York University.

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