Is there a systematic relationship between random parameters and process heuristics?

•Inclusion of decision process heterogeneity together with preference heterogeneity.•Mean and standard deviation parameters conditioned by process strategies.•Value learning process strategy.•Links between process rules and random parameters under standard LPAA.•Influence on the estimates' dist...

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Published inTransportation research. Part E, Logistics and transportation review Vol. 106; pp. 160 - 177
Main Authors Balbontin, Camila, Hensher, David A., Collins, Andrew T.
Format Journal Article
LanguageEnglish
Published Elsevier India Pvt Ltd 01.10.2017
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Summary:•Inclusion of decision process heterogeneity together with preference heterogeneity.•Mean and standard deviation parameters conditioned by process strategies.•Value learning process strategy.•Links between process rules and random parameters under standard LPAA.•Influence on the estimates' distribution and willingness to pay.
ISSN:1366-5545
1878-5794
DOI:10.1016/j.tre.2017.07.013