Print Email Facebook Twitter Information theoretic-based sampling of observations Title Information theoretic-based sampling of observations Author van Cranenburgh, S. (TU Delft Transport and Logistics) Bliemer, Michiel C.J. (University of Sydney) Date 2018 Abstract Due to the surge in the amount of data that are being collected, analysts are increasingly faced with very large data sets. Estimation of sophisticated discrete choice models (such as Mixed Logit models) based on these typically large data sets can be computationally burdensome, or even infeasible. Hitherto, analysts tried to overcome these computational burdens by reverting to less computationally demanding choice models or by taking advantage of the increase in computational resources. In this paper we take a different approach: we develop a new method called Sampling of Observations (SoO) which scales down the size of the choice data set, prior to the estimation. More specifically, based on information-theoretic principles this method extracts a subset of observations from the data which is much smaller in volume than the original data set, yet produces statistically nearly identical results. We show that this method can be used to estimate sophisticated discrete choice models based on data sets that were originally too large to conduct sophisticated choice analysis. To reference this document use: http://resolver.tudelft.nl/uuid:ea90ebb2-a5d4-4a1e-acd0-e7550144c6a4 DOI https://doi.org/10.1016/j.jocm.2018.02.003 Embargo date 2018-10-06 ISSN 1755-5345 Source Journal of Choice Modelling Bibliographical note Green Open Access added to TU Delft Institutional Repository ‘You share, we take care!’ – Taverne project https://www.openaccess.nl/en/you-share-we-take-care Otherwise as indicated in the copyright section: the publisher is the copyright holder of this work and the author uses the Dutch legislation to make this work public. Part of collection Institutional Repository Document type journal article Rights © 2018 S. van Cranenburgh, Michiel C.J. Bliemer Files PDF 1_s2.0_S1755534517301124_main.pdf 1.57 MB Close viewer /islandora/object/uuid:ea90ebb2-a5d4-4a1e-acd0-e7550144c6a4/datastream/OBJ/view