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Theory-Driven Choice Models
Authors:Tülin Erdem  Kannan Srinivasan  Wilfred Amaldoss  Patrick Bajari  Hai Che  Teck Ho  Wes Hutchinson  Michael Katz  Michael Keane  Robert Meyer  Peter Reiss
Institution:(1) Haas School of Business, University of California, Berkeley;(2) GSTA, Carnegie-Mellon University, USA;(3) Fuqva School of Business, Duke University, USA;(4) Wharton, University of Pennsylvania, USA;(5) Economics Department, Yale University, USA;(6) Graduate School of Business, Stanford University, California
Abstract:We explore issues in theory-driven choice modeling by focusing on partial-equilibrium models of dynamic structural demand with forward-looking decision-makers, full equilibrium models that integrate the supply side, integration of bounded rationality in dynamic structural models of choice and public policy implications of these models.
Keywords:dynamic choice  structural modeling and estimation  heuristics and biases
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