{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2024,6,10]],"date-time":"2024-06-10T17:10:20Z","timestamp":1718039420080},"reference-count":41,"publisher":"Wiley","issue":"7","license":[{"start":{"date-parts":[[2015,8,19]],"date-time":"2015-08-19T00:00:00Z","timestamp":1439942400000},"content-version":"vor","delay-in-days":0,"URL":"http:\/\/onlinelibrary.wiley.com\/termsAndConditions#vor"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["J of Applied Econometrics"],"published-print":{"date-parts":[[2016,11]]},"abstract":"<jats:title>Summary<\/jats:title><jats:p>A Bayesian method for outlier\u2010robust estimation of multinomial choice models is presented. The method can be used for both correlated as well as uncorrelated choice alternatives and guarantees robustness towards outliers in the dependent and independent variables. To account for outliers in the response direction, the fat\u2010tailed multivariate Laplace distribution is used. Leverage points are handled via a shrinkage procedure. A simulation study shows that estimation of the model parameters is less influenced by outliers compared to non\u2010robust alternatives. An analysis of margarine scanner data shows how our method can be used for better pricing decisions. Copyright \u00a9 2015 John Wiley &amp; Sons, Ltd.<\/jats:p>","DOI":"10.1002\/jae.2482","type":"journal-article","created":{"date-parts":[[2015,8,19]],"date-time":"2015-08-19T10:55:59Z","timestamp":1439981759000},"page":"1445-1466","source":"Crossref","is-referenced-by-count":4,"title":["Outlier\u2010Robust Bayesian Multinomial Choice Modeling"],"prefix":"10.1002","volume":"31","author":[{"given":"Dries F.","family":"Benoit","sequence":"first","affiliation":[{"name":"Faculty of Economics and Business Administration Ghent University Belgium"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Stefan","family":"Van Aelst","sequence":"additional","affiliation":[{"name":"Department of Mathematics KU Leuven Belgium"},{"name":"Department of Applied Mathematics Computer Science and Statistics, Ghent University Belgium"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Dirk","family":"Van den Poel","sequence":"additional","affiliation":[{"name":"Faculty of Economics and Business Administration Ghent University Belgium"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"311","published-online":{"date-parts":[[2015,8,19]]},"reference":[{"key":"e_1_2_9_2_1","doi-asserted-by":"publisher","DOI":"10.1002\/0471249688"},{"key":"e_1_2_9_3_1","doi-asserted-by":"publisher","DOI":"10.1287\/mksc.10.3.185"},{"key":"e_1_2_9_4_1","doi-asserted-by":"publisher","DOI":"10.1198\/jbes.2010.07225"},{"key":"e_1_2_9_5_1","doi-asserted-by":"publisher","DOI":"10.1007\/s00362-008-0183-7"},{"key":"e_1_2_9_6_1","doi-asserted-by":"publisher","DOI":"10.1016\/S0378-3758(02)00282-3"},{"key":"e_1_2_9_7_1","doi-asserted-by":"publisher","DOI":"10.1002\/jae.1216"},{"key":"e_1_2_9_8_1","doi-asserted-by":"crossref","first-page":"25","DOI":"10.1111\/j.2517-6161.1983.tb01226.x","article-title":"Statistical uses of the spatial median","volume":"45","author":"Brown BM","year":"1983","journal-title":"Journal of the Royal Statistical Society, Series B"},{"key":"e_1_2_9_9_1","doi-asserted-by":"publisher","DOI":"10.1080\/07350015.2012.680416"},{"key":"e_1_2_9_10_1","doi-asserted-by":"publisher","DOI":"10.2307\/2684568"},{"key":"e_1_2_9_11_1","doi-asserted-by":"crossref","first-page":"687","DOI":"10.1198\/016214508000000175","article-title":"Robust and efficient adaptive estimation of binary\u2010choice regression models","volume":"103","author":"\u010c\u00ed\u017eek P","year":"2012","journal-title":"Journal of the American Statistical Association"},{"key":"e_1_2_9_12_1","doi-asserted-by":"publisher","DOI":"10.1111\/1541-0420.00036"},{"key":"e_1_2_9_13_1","doi-asserted-by":"publisher","DOI":"10.1287\/mksc.1110.0666"},{"key":"e_1_2_9_14_1","doi-asserted-by":"publisher","DOI":"10.1287\/mnsc.1120.1610"},{"key":"e_1_2_9_15_1","first-page":"571","volume-title":"Computing Science and Statistics: Proceedings of the 23rd Symposium on the Interface","author":"Geweke J","year":"1991"},{"key":"e_1_2_9_16_1","first-page":"731","volume-title":"Handbook of Computational Economics","author":"Geweke J","year":"2001"},{"key":"e_1_2_9_17_1","doi-asserted-by":"publisher","DOI":"10.1023\/A:1010920819831"},{"key":"e_1_2_9_18_1","doi-asserted-by":"publisher","DOI":"10.1016\/S0304-4076(98)00015-3"},{"key":"e_1_2_9_19_1","doi-asserted-by":"publisher","DOI":"10.1002\/0471725250"},{"key":"e_1_2_9_20_1","doi-asserted-by":"publisher","DOI":"10.1198\/016214501753382363"},{"key":"e_1_2_9_21_1","doi-asserted-by":"publisher","DOI":"10.1007\/978-1-4612-0173-1"},{"key":"e_1_2_9_22_1","doi-asserted-by":"publisher","DOI":"10.1002\/jae.1069"},{"key":"e_1_2_9_23_1","doi-asserted-by":"publisher","DOI":"10.1017\/CBO9780511810176"},{"key":"e_1_2_9_24_1","doi-asserted-by":"publisher","DOI":"10.1016\/0304-4076(94)90064-7"},{"key":"e_1_2_9_25_1","doi-asserted-by":"publisher","DOI":"10.1111\/j.0092-5853.2004.00077.x"},{"key":"e_1_2_9_26_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.jeconom.2007.12.003"},{"key":"e_1_2_9_27_1","doi-asserted-by":"publisher","DOI":"10.1016\/0167-7152(83)90054-8"},{"key":"e_1_2_9_28_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.jspi.2008.10.012"},{"key":"e_1_2_9_29_1","doi-asserted-by":"publisher","DOI":"10.1016\/S0304-4076(01)00094-X"},{"key":"e_1_2_9_30_1","doi-asserted-by":"publisher","DOI":"10.1007\/s10260-006-0030-8"},{"key":"e_1_2_9_31_1","unstructured":"RossiP.2011.bayesm: Bayesian inference for marketing\/micro\u2010econometrics. R package version 2.2\u20104. Available:http:\/\/CRAN.R-project.org\/package=bayesm[31 July 2015]."},{"key":"e_1_2_9_32_1","doi-asserted-by":"publisher","DOI":"10.1002\/0470863692"},{"key":"e_1_2_9_33_1","doi-asserted-by":"publisher","DOI":"10.1198\/jbes.2009.07331"},{"key":"e_1_2_9_34_1","doi-asserted-by":"publisher","DOI":"10.1080\/01621459.1987.10478458"},{"key":"e_1_2_9_35_1","doi-asserted-by":"publisher","DOI":"10.1214\/aos\/1176325750"},{"key":"e_1_2_9_36_1","volume-title":"Qualitative Choice Analysis: Theory Econometrics, and an Application to Automobile Demand","author":"Train K","year":"1986"},{"key":"e_1_2_9_37_1","doi-asserted-by":"publisher","DOI":"10.1017\/CBO9780511753930"},{"key":"e_1_2_9_38_1","unstructured":"TukeyJ.1975.Mathematics and the picturing of data Proceedings of the 1975 International Congress on Mathematics:Vancouver;523\u2013531."},{"key":"e_1_2_9_39_1","doi-asserted-by":"publisher","DOI":"10.1111\/j.2517-6161.1984.tb01317.x"},{"key":"e_1_2_9_40_1","doi-asserted-by":"publisher","DOI":"10.1214\/12-AOS1005"},{"key":"e_1_2_9_41_1","doi-asserted-by":"publisher","DOI":"10.1016\/S0167-7152(01)00124-9"},{"key":"e_1_2_9_42_1","doi-asserted-by":"publisher","DOI":"10.1080\/01621459.1962.10480664"}],"container-title":["Journal of Applied Econometrics"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/api.wiley.com\/onlinelibrary\/tdm\/v1\/articles\/10.1002%2Fjae.2482","content-type":"application\/pdf","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/api.wiley.com\/onlinelibrary\/tdm\/v1\/articles\/10.1002%2Fjae.2482","content-type":"unspecified","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/pdf\/10.1002\/jae.2482","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2024,6,10]],"date-time":"2024-06-10T16:34:09Z","timestamp":1718037249000},"score":1,"resource":{"primary":{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/jae.2482"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2015,8,19]]},"references-count":41,"journal-issue":{"issue":"7","published-print":{"date-parts":[[2016,11]]}},"alternative-id":["10.1002\/jae.2482"],"URL":"https:\/\/doi.org\/10.1002\/jae.2482","archive":["Portico"],"relation":{},"ISSN":["0883-7252","1099-1255"],"issn-type":[{"value":"0883-7252","type":"print"},{"value":"1099-1255","type":"electronic"}],"subject":[],"published":{"date-parts":[[2015,8,19]]}}}