Lecture

Red bus/Blue bus paradox

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Description

This lecture by the instructor covers the Red bus/Blue bus paradox, where painting buses red and blue increases public transportation mode share. The nested logit model is explained, relaxing the independence assumption and capturing correlation. The lecture delves into expected maximum utility, logit vs. nested logit models, and airline itinerary examples. The concepts of multivariate extreme value models and microsimulation for market shares are also discussed.

Official source

Ontological neighbourhood

Statistics

Statistical inference: Mathematical statistics

Data analysis: Regression analysis

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