Dear Shami, in the STATA software, there is a command named as randregret. It can be used for different RRM models including the classic model, pure-RRM model, generalized RRM model, and the muRRM model too.
I am naming a few studies in which these models are analysed with the help of this command. I hope it helps you with your project.
A Random Regret-Minimization model of travel choice (2008)
A New Model of Random Regret Minimization (2010)
A Generalized Random Regret Minimization Model (2014)
New insights on Random Regret Minimization Models (2015)
As for the source codes and examples to get an idea, you can check the following link : https://github.com/alvarogutyerrez/randregret
This should be able to clear any doubts, but still if you need any clarity, you can ask me.
Best Regards, Nathaniel.
Replied 3 years ago
By Shami
Hello Nathaniel, thanks a lot for these links. I am amazed and very much grateful for your efforts and contribution to this discussion. I will surely go through these papers and try to understand them to my best ability.
Thank you so much dear.
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