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Theory-Driven Choice Models |
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| Authors: | Tülin Erdem Kannan Srinivasan Wilfred Amaldoss Patrick Bajari Hai Che Teck Ho Wes Hutchinson Michael Katz Michael Keane Robert Meyer Peter Reiss |
| Affiliation: | (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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