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randregret: A command for fitting random regret minimization models using Stata

Journal Contribution - Journal Article

In this article, we describe the randregret command, which implements a variety of random regret minimization (RRM) models. The command allows the user to apply the classic RRM model introduced in Chorus (2010, European Journal of Transport and Infrastructure Research 10: 181–196), the generalized RRM model introduced in Chorus (2014, Transportation Research, Part B 68: 224–238), and also the µRRM and pure RRM models, both introduced in van Cranenburgh, Guevara, and Chorus (2015, Transportation Research, Part A 74: 91–109). We illustrate the use of the randregret command by using stated choice data on route preferences. The command offers robust and cluster standarderror correction using analytical expressions of the score functions. It also offers likelihood-ratio tests that can be used to assess the relevance of a given model specification. Finally, users can obtain the predicted probabilities from each model by using the randregretpred command.
Journal: The Stata Journal
ISSN: 1536-867X
Issue: 3
Volume: 21
Pages: 626 - 658
Publication year:2021
BOF-keylabel:yes
IOF-keylabel:yes
BOF-publication weight:1
CSS-citation score:1
Authors from:Higher Education
Accessibility:Closed