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van Cranenburgh, S. (author), Prato, Carlo G. (author), Chorus, C.G. (author)
This paper derives a trick to account for variation in choice set size in Random Regret Minimization (RRM) models. In many choice situations the choice set size varies across choice observations. As in RRM models regret level differences increase with increasing choice set size, not accounting for variation in choice set size results in RRM...
working paper 2015