Learning Models : An Assessment of Progress , Challenges and New Developments

  title={Learning Models : An Assessment of Progress , Challenges and New Developments},
  author={Andrew T. Ching},
Learning models extend the traditional discrete choice framework by postulating that consumers have incomplete information about product attributes, and that they learn about these attributes over time. In this survey we describe the literature on learning models that has developed over the past 20 years, using the model of Erdem and Keane (1996) as a unifying framework. We described how subsequent work has extended their modeling framework, and applied learning models to a wide range of… CONTINUE READING

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