Abstract
Econometrics is nowadays an established approach to the discrete choice problem relying on statistical methods. It is used in several fields, e.g. route choice modelling, telecommunication analysis, etc. Despite its advantages, there are also some drawbacks. Thus, alternatives for modelling human choice are sought, which can reproduce overall system behavior and be valid at microscopic level.
In this paper, we propose an agent-based approach inspired in econometric techniques producing similar results on the macro level from microscopic behavior. This work aims to be a step forward on searching an alternative for econometrics.
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Andriotti, G.K., Klügl, F. (2006). Agent-Based Simulation Versus Econometrics – from Macro- to Microscopic Approaches in Route Choice Simulation. In: Fischer, K., Timm, I.J., André, E., Zhong, N. (eds) Multiagent System Technologies. MATES 2006. Lecture Notes in Computer Science(), vol 4196. Springer, Berlin, Heidelberg. https://doi.org/10.1007/11872283_6
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DOI: https://doi.org/10.1007/11872283_6
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