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- Fundamentals
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1. Bayesian essentials and bayesian regression
- Prof. Peter Rossi
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2. Introduction to MCMC methods and the Gibbs sampler
- Prof. Peter Rossi
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3. Hierarchical models, conditional independence and data augmentation
- Prof. Greg M. Allenby
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4. Metropolis algorithms, logit and quantile regression estimation
- Prof. Greg M. Allenby
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5. Unit-level models and discrete demand
- Prof. Greg M. Allenby
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6. Heterogeneity
- Prof. Greg M. Allenby
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7. Model choice and decision theory
- Prof. Peter Rossi
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8. Bayesian instrumental variables and simultaneity
- Prof. Peter Rossi
- Applications
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9. The value of HB in conjoint/choice analysis
- Mr. Bryan K. Orme
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10. The SoV Probit
- Dr. Jeff Brazell
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12. Bayesian modeling of social network data
- Prof. Asim Ansari
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13. Joint choice decisions
- Prof. Neeraj Arora
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14. Estimating an item's category role
- Dr. Peter Boatwright
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15. Bayesian stochastic dynamic models for internet auctions
- Prof. Eric T. Bradlow
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16. Hierarchical effects of advertising
- Prof. Sandeep R. Chandukala
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18. A Bayesian approach to attribute based consideration sets
- Prof. Timothy J. Gilbride
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19. Variety: models of multiple-discreteness
- Prof. Jaehwan Kim
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20. Models for upper levels of a hierarchy
- Dr. Qing Liu
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21. Making better pricing decisions with informative priors
- Dr. Alan L. Montgomery
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22. Marketing mix modeling
- Prof. Thomas Otter
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23. Reporting bias in survey data
- Dr. Sha Yang
Printable Handouts
Navigable Slide Index
- Introduction
- Source of volume and cannibalization
- Product and line optimization questions
- Quick definitions
- Red bus / blue bus example
- What is IID? and IIA?
- Variables we measure and variables we don't
- We know IIA/IID gets source-of-volume wrong
- When should we care about substitution patterns?
- Is it really a problem?
- Source of volume calculations
- Cannibalization = Preference
- Haven't we solved this one?
- How do you "handle" IIA in your choice models?
- Simulating preference shares: state-of-the-art
- What does proportional substitution look like?
- We have a problem
- Industry survey: how do current methods do?
- What do we need?
- The SoV Probit (1)
- A very brief introduction to Probit models
- Why should I care about correlated errors? (1)
- Why should I care about correlated errors? (2)
- Why aren't we all using Probit models?
- The SoV Probit (2)
- A structured covariance Probit
- Distance metric 1
- Distance metric 2
- Distance metric 3
- Distance metric 4
- Choice experiment
- Example conjoint task
- Model fit statistics
- Parameter estimates
- WTP comparison
- Representative correlation matrix
- Does it work? - For a representative individual
- Does it work? - For a heterogeneous population
- Success
- Summary and implications
- Thank you!
Topics Covered
- Source of volume and cannibalization
- Product and line optimization questions
- Quick definitions
- Red bus / blue bus example
- What is IID? and IIA?
- We know IIA/IID gets source-of-volume wrong
- When should we care about substitution patterns?
- Source of volume calculations
- Cannibalization = Preference
- How do you "handle" IIA in your choice models?
- Simulating preference shares: state-of-the-art
- What does proportional substitution look like?
- Industry survey: how do current methods do?
- The SoV Probit
- Why should I care about correlated errors?
- Why aren't we all using Probit models?
- A structured covariance Probit
- Distance metrics
- Choice experiment
- Model fit statistics
- Parameter estimates
- WTP comparison
- Representative correlation matrix
- Does it work?
Talk Citation
Brazell, J. (2010, March 16). The SoV Probit [Video file]. In The Business & Management Collection, Henry Stewart Talks. Retrieved April 3, 2025, from https://doi.org/10.69645/HZLB6912.Export Citation (RIS)
Publication History
- Published on March 16, 2010