Back

Presentation

mixrandregret: A command for fitting mixed random regret minimization models using Stata

Álvaro A. Gutiérrez-Vargas

9 September 2022

Session

This presentation describes the mixrandregret command, which extends the randregret command (Gutiérrez-Vargas, Meulders and Vandebroek. 2021. The Stata Journal 21: 626–658), incorporating random coefficients for random regret minimization (RRM) models.

The command can fit a mixed version of the classic RRM model introduced in Chorus (European Journal of Transport and Infrastructure Research. 2010. 10: 181–196). It allows the user to specify a combination of fixed and random coefficients. In addition, the users can specify normal and log-normal distributions for the random coefficients using the commands’ options. Finally, the models are fit using simulated maximum-likelihood procedures using numerical integration to simulate the models’ choice probabilities.

Speaker

Álvaro A. Gutiérrez-Vargas