paper-with-me

Papers

Understanding the decision-making process of choice modellers

2024-11-03 · Gabriel Nova, Sander van Cranenburgh, Stephane Hess

Discrete Choice Modelling serves as a robust framework for modelling human choice behaviour across various disciplines. Building a choice model is a semi structured research process that involves a combination of a priori assumptions, behavioural theories, and statistical methods. This complex set of decisions, coupled with diverse workflows, can lead to substantial variability in model outcomes. To better understand these dynamics, we developed the Serious Choice Modelling Game, which simulates the real world modelling process and tracks modellers' decisions in real time using a stated preference dataset. Participants were asked to develop choice models to estimate Willingness to Pay values to inform policymakers about strategies for reducing noise pollution. The game recorded actions across multiple phases, including descriptive analysis, model specification, and outcome interpretation, allowing us to analyse both individual decisions and differences in modelling approaches. While our findings reveal a strong preference for using data visualisation tools in descriptive analysis, it also identifies gaps in missing values handling before model specification. We also found significant variation in the modelling approach, even when modellers were working with the same choice dataset. Despite the availability of more complex models, simpler models such as Multinomial Logit were often preferred, suggesting that modellers tend to avoid complexity when time and resources are limited. Participants who engaged in more comprehensive data exploration and iterative model comparison tended to achieve better model fit and parsimony, which demonstrate that the methodological choices made throughout the workflow have significant implications, particularly when modelling outcomes are used for policy formulation.

📄 PDF Abstract BibTeX arXiv:2411.01704

Code (0)

등록된 구현이 없습니다.

Tasks

Decision MakingDescriptiveMissing Values

Methods 이 논문이 사용한 방법론

SET Dynamic Sparse Training method where weight mask is updated randomly periodically

Similar Papers 제목 키워드 기반

Improving choice model specification using reinforcement learning

2025-06-06 · Gabriel Nova, Sander van Cranenburgh, Stephane Hess

Discrete choice modelling is a theory-driven modelling framework for understanding and forecasting choice behaviour. To obtain behavioural insights, modellers test several competing model specifications in their attempts…

Deep Reinforcement Learningmodelreinforcement-learningReinforcement Learning

Bayesian Automatic Relevance Determination for Utility Function Specification in Discrete Choice Models

2019-06-10 · Filipe Rodrigues, Nicola Ortelli, Michel Bierlaire, Francisco Pereira

Specifying utility functions is a key step towards applying the discrete choice framework for understanding the behaviour processes that govern user choices. However, identifying the utility function specifications that …

Bayesian InferenceDiscrete Choice ModelsVariational Inference

Navigating Decision Landscapes: The Impact of Principals on Decision-Making Dynamics

2023-12-25 · Lu Li, Huangxing Li

We explored decision-making dynamics in social systems, referencing the 'herd behavior' from prior studies where individuals follow preceding choices without understanding the underlying reasons. While previous research …

Decision Making

ChoiceMates: Supporting Unfamiliar Online Decision-Making with Multi-Agent Conversational Interactions

2023-10-02 · Jeongeon Park, Bryan Min, Kihoon Son, Jean Y. Song 외

From deciding on a PhD program to buying a new camera, unfamiliar decisions--decisions without domain knowledge--are frequent and significant. The complexity and uncertainty of such decisions demand unique approaches to …

Decision MakingManagement

LLM4PM: A case study on using Large Language Models for Process Modeling in Enterprise Organizations

2024-07-01 · Clara Ziche, Giovanni Apruzzese

We investigate the potential of using Large Language Models (LLM) to support process model creation in organizational contexts. Specifically, we carry out a case study wherein we develop and test an LLM-based chatbot, PR…

ChatbotManagement