Discrete choice analysis
Estimate discrete choice models and interpret the outputs using real-life data sets.
Overview
Almost without exception, everything we undertake involves a choice. In recent years there has been a growing interest in the development and application of quantitative statistical methods to study choices made by individuals or groups with the purpose of gaining a better understanding both of how choices are made and of forecasting future choices.
Discrete choice analysis and stated choice methods are widely used across diverse fields to study the behavioural responses of individuals, households and other organisations.
This course is designed to provide both theory and practical experience in the building and estimating of simple and more advanced choice models, as well as in generating stated choice experimental designs.
What you'll learn
In this practical and theory-based course, you will learn:
- multinomial logit, latent class, error components, and mixed logit (random parameters) models
- willingness to pay and models estimated in willingness to pay space
- an introduction to the design of stated choice surveys, including generation of orthogonal and efficient experimental designs (we will use a variety of applications to illustrate the techniques)
- the background theory for discrete choice modelling, different methods for combining survey data, and the most recently developed modelling techniques including hybrid choice models.
Institute of Transport and Logistics Studies
ITLS is a renowned international centre for the latest thinking on the crucially linked areas of transport, infrastructure, logistics and supply chain management.
Established in 1991, the Institute's goal is to contribute to the design, management and optimisation of infrastructure, transport, logistics and supply chain initiatives around the globe.
Course overview
This is both a practical and theory-based course. We will be teaching how to estimate discrete choice models using software, and how to interpret the outputs using a real-life data set for this. We will cover:
- multinomial logit, latent class, error components, and mixed logit (random parameters) models
- willingness to pay and models estimated in willingness to pay space
- an introduction to the design of stated choice surveys, including generation of orthogonal and efficient experimental designs (we will use a variety of applications to illustrate the techniques).
The course also includes presentations of the background theory for discrete choice modelling, different methods for combining survey data, and the most recently developed modelling techniques including hybrid choice models.
The course explores the entire process, including experimental design, model building, and model estimation (with both stated preference and revealed preference data). Recent advances in tools and methods have been used to model individual behaviour and to analyse market shares and change in demand in response to pricing and income and changes in available choice sets and choice characteristics.
Presentations are augmented by hands-on estimation of choice models with the Pandas Biogeme software. Experimental designs will be generated using the Ngene software.
This practical course will be useful for research across a broad range of fields in which consumer demand and choice is of interest. Intended for academics and practitioners in government and industry, an appreciation of basic statistical concepts is useful, but not essential for this course. Many attendees have come with no background in discrete choice modelling, but have completed the course at a level that has enabled them to develop and estimate a range of choice models immediately.
This course is expected to be delivered face-to-face. More details will be shared here as they become available.
Assessment details will be shared here when they become available.
- TBA
All courses must be paid in advance of commencing your course. We accept the following payment methods:
- Mastercard
- Visa
- American Express (only available for enrolments made through the Sydney Short Courses website)
- Electronic bank transfer (for invoices to organisations by prior agreement only)
Please contact us to request an Invoice Authorisation Form. Once we receive the necessary details, your enrolment/s will be processed accordingly, and an invoice will be issued to the payer. Payment can then be made by credit card or electronic funds transfer (EFT).
I have enrolled in a Sydney Short Courses course, what happens now?
Once your enrolment has been processed, you will receive the following emails:
- Enrolment confirmation: you will receive this immediately after your enrolment has been processed.
- Tax invoice: the payer of your enrolment will receive this immediately after your enrolment has been processed.
For some courses, you may also recieve the following:
- Course reminders: you will receive emails from Sydney Short Courses in the lead up to the course starting. These include information about the course and, if required, the schedule for online or face-to-face sessions.
- Course materials: if you are enrolled in a course that provides reading or other downloadable materials, you will get access to these materials prior to the class commencing.
- Online session links: you will receive reminder emails the day before and the day of each live session containing the meeting link and meeting ID.