Abstract Consumer choice models used in optimal product design typically ignore potential context effects by assuming the utility of each product is independent of the attributes of other products in the choice set. We characterize implications of context effects for profit-maximizing designs by deriving the first-order conditions of the design problem under alternative utility formulations, and we propose a utility function that incorporates context effects and has well-defined optimal design solutions for all products in the choice set. We then conduct a discrete choice survey experiment of automobile options and find statistically significant context-effect parameters and superior out-of-sample prediction when context-effect parameters are used in both logit and mixed logit models. These results suggest that context effects can be important in engineering design contexts and have the potential to affect optimal design differentiation.
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The price of abandoning dark matter is nonlocality
Abstract We consider the classic question posed by Pardo and Spergel about theprice of abandoning dark matter in the context of an invariant,metric-based theory of gravity. Our answer is that the price isnonlocality. This has been known for some time in the context of thequasi-static regime. We show that it also applies for cosmology andwe exhibit a model which reproduces standard CDM successes such asperturbations in the cosmic microwave background, baryon acousticoscillations and structure formation.
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- Award ID(s):
- 2207514
- PAR ID:
- 10511908
- Publisher / Repository:
- Journal of Cosmology and Astroparticle Physics
- Date Published:
- Journal Name:
- Journal of Cosmology and Astroparticle Physics
- Volume:
- 2024
- Issue:
- 05
- ISSN:
- 1475-7516
- Page Range / eLocation ID:
- 042
- Format(s):
- Medium: X
- Sponsoring Org:
- National Science Foundation
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