Behavioural Models for Individual Choices CPD
The aim of the course is to understand modelling and forecasting how individuals make decisions.
Basic discrete choice models and advanced models
CPD programme
Part 1: Basic discrete choice models - 21-23 November 2022 (Mon-Wed 3 days)
Part 2: Advanced models - 29-30 November 2022 (Tues-Wed 2 days)
Venue: Newcastle University
About the programme
Understanding how people make decisions and what drives their choices is key in several disciplines, including:
- transport
- economics
- sociology
- psychology
- marketing
- environment
Those with no prior knowledge of the subject and interested only in basic discrete choice models may choose to attend only Part 1.
Delegates already aware of basic discrete choice models (multinomial logic model) may choose to join for only Part 2.
Alternatively, delegates may join for both parts and use the time in between to absorb and reflect on the material presented in part 1 before building on it the following week.
Lectures
You will learn:
- about the fundamentals of the decision-making theory about the mathematical models most commonly used to simulate and forecast individual choices
- how to apply models to forecast the demand for different policy scenarios
- about data collection and survey methods
- to use real sets of data, and apply them to forecast the demand using Python Biogeme or Panda Biogeme
For further information
Please note - this course requires some prior knowledge of statistics such as t-test, sampling problems etc.
It would also be useful for attendees to have some prior knowledge of data collection or empirical experiments.
If you have concerns about this, please email sage.cpd@ncl.ac.uk to discuss this with the course leader.