This 2-part (7/15/24 & 7/17/24) 5-hour course will be offered via Zoom, over two mornings. Attendance is required as the course will not be recorded.

This course introduces participants to discrete choice models. These econometric models are used to explain how people choose between discrete outcomes, such as mode of travel to work or type of treatment for pain. The course will cover the subset of discrete choice models known as random utility models, namely the multinomial logit and nested logit. These models are often used in disciplines such as economics, transportation, and public health. No prior knowledge of discrete choice modeling is expected. Hands-on exercises will be conducted in Python.

Why Take This Course?
Random utility models are used across many disciplines. They allow one to use regression techniques to model choices between multiple outcomes, something not possible with many other models. Unlike many other models of discrete outcomes, random utility models are interpretable—it is easy to see which predictor variables are associated with which choices. Random utility models are also consistent with rational economic theory, meaning that properly specified estimates can be interpreted as willingness-to-pay and transformed into dollar amounts to understand the welfare impacts of policy. This course will prepare participants both to estimate these models and to interpret and evaluate them when encountered in practice.

Register

Do you have a question about mentoring? Do you want to know what trainings NC TraCS offers? Are you curious about how TraCS can synergize with your training program?

Drop by our Training & Career Development Office Hour on Mondays to chat with Susan Pusek, DRSc, and get your training and career development questions answered.

Potential Topics:

• Forming a mentor team
• Developing a timeline to write a grant
• Questions about the NIH
• Career mapping
• Trainings available through TraCS for you
• Trainings available through TraCS for programs you lead

Join Zoom, Mondays 12-1 p.m.

Do you have a question about mentoring? Do you want to know what trainings NC TraCS offers? Are you curious about how TraCS can synergize with your training program?

Drop by our Training & Career Development Office Hour on Mondays in room 215 (2nd floor, NC TraCS suite, Brinkhous-Bullitt Building) to chat with Susan Pusek, DRSc, and get your training and career development questions answered.

Potential Topics:

• Forming a mentor team
• Developing a timeline to write a grant
• Questions about the NIH
• Career mapping
• Trainings available through TraCS for you
• Trainings available through TraCS for programs you lead

Brinkhous-Bullitt Bldg. Room 215