Seminar in applied mathematics and statistics

SPEAKER:  Mogens Fosgerau (DTU Transport)

TITLE:  Generalized entropy models 

ABSTRACT:  We formulate a family of direct utility functions for the consumption of a differentiated good. The family is based on a generalization of the Shannon entropy. It includes dual representations of all additive random utility discrete choice models, as well as models in which goods are complements. Demand models for market shares can be estimated by plain regression, enabling the use of instrumental variables. Models for microdata can be estimated by maximum likelihood.  (Joint work with André de Palma, Paris-Saclay and Ecole Polytechnique.)

Tea and chocolate will be served on the 4th floor after the seminar.

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CURRENT SCHEDULE FOR SPRING 2016:

  • January 20, 15.15, Aud. 6:  Alessia Pini (MOX, Politecnico di Milano)
  • February 24, 15.15, Aud. 10:  Matthias Fahrenwaldt (Hannover)
  • March 9, 15.15, Aud. 10:  Mogens Fosgerau (DTU)
  • March 11, 14.15, Aud. 8:  Hansjoerg Albrecher (Lausanne)
  • March 16, 15.15, Aud. 10:  Peter McCullagh (Chicago)
  • March 17, 15.15, Aud. 10:  Peter Glynn (Stanford)
  • SPEAKER:  Mogens Fosgerau (DTU Transport)