Parameters in collective decision making models : estimation and sensitivity
Simulation models for collective decision making are based on theoretical and empirical insight in the decision making process, but still contain a number of parameters of which the values are determined ad hoc. For the dynamic access model, some of such parameters are discussed, and it is proposed to extend the utility functions with a random term of which the variance also is an unknown parameter. These parameters can be estimated by fitting model predictions to data, where the predictions can...