Date of Award
Spring 5-2023
Document Type
Dissertation
Degree Name
Doctor of Philosophy (PhD)
Department
Mathematics & Statistics
Program/Concentration
Computational and Applied Mathematics
Committee Director
Norou Diawara
Committee Member
Sandipan Dutta
Committee Member
Kayoung Park
Committee Member
Ross Gore
Abstract
Models for discrete choice experiments (DCE) are frequently used to analyze consumer choices about products and services. A family of DCE, best-worst scaling experiments, offers more in-depth insights into consumer preferences by eliciting a best and worst choice from a set of options, rather than just a single preference. Traditional approaches often assume that choices are mutually exclusive over time, which may not always be the case. This dissertation proposes a novel model for DCE that takes into account the changing nature of consumer choices over time and the priority constraint of transition probabilities. The model introduces a copula combination of uniform and shifted binomial distribution (CO-CUB) to model the dependence structure in best-worst choice pairs. CO-CUB also allows for the modeling of latent factors such as uncertainty and consumer feelings in the decision-making process. The proposed priority constraint considers that human choice behaviors generally favor options closer to the ordinal structure of choices. The impact of choice pairs over consecutive time periods is characterized using a dynamic Markov decision process. The utility function of a choice pair over consecutive time periods is described, along with the best-worst choice pairs in a network. Compared to classical K-means classification, the proposed approach demonstrates its effectiveness using simulated data and a transportation industry example, providing a more comprehensive understanding of consumer preferences and decision-making behaviors while accounting for priority constraints of transition probabilities.
Rights
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DOI
10.25777/mtem-6473
ISBN
9798379734442
Recommended Citation
Adikari, Sasanka.
"Inference for Multiple Utility in Time-Dependent Choice Pairs Under Copula-Based Models"
(2023). Doctor of Philosophy (PhD), Dissertation, Mathematics & Statistics, Old Dominion University, DOI: 10.25777/mtem-6473
https://digitalcommons.odu.edu/mathstat_etds/125
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Applied Mathematics Commons, Applied Statistics Commons, Marketing Commons, Mathematics Commons