Discrete Choice Models in PyMC
probability
pymc
discrete choice
subjective utility
Abstract
Latent Utility Econometric Models for Demand Estimation
Discrete Choice and Subjective Utility
In this project I demonstrated how to fit a discrete choice models using random utility components in PyMC. I applied these types of model to micro-econometric data over product choice to estimate market share and the correlation among good within an market.
The project culminated in a publication to the official PyMC documentation that can be found online here or downloaded as notebook here
