Hello,
I have run 2 models: Random Utility Maximization (RUM) logit and Random Regret Minimization (RRM) to predict and understand the traveler choices between ML and GPL.
The results of both models surprisingly showed me that Final LL, AIC, BIC, and the confusion matrix are exactly the same. The difference I observed, RRM had around 3 times longer optimization time than RUM.
In running both analyses, I use the same, including train and test datasets and logit models. The difference is that only RUM uses the utility function, and RRM uses the regret function (see in attachments).
I wonder why both analyses provided me the same Final LL, AIC, BIC, and confusion matrix? Should they be a little different? Could you please guide me about this?
I have attached code and result files for both RUM and RRM.
Best regards,
Natchaphon Leungbootnak