Non-Linear Mixed Logit and the Characterization of Individual Heterogeneity

Experimental data exhibit considerable individual heterogeneity. We review the econometric methods employed to characterize that heterogeneity. We pay particular attention to the trade-off between collecting and allowing for observable characteristics, such as the familiar demographics, and the use of statistical methods to allow for unobserved individual heterogeneity. We demonstrate that these tools are complementary.

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Year of publication:	2009-06-01
Authors:	Andersen, Steffen ; Harrison, Glenn W. ; Hole, Arne Risa ; Rutström, Elisabet E.
Institutions:	Økonomisk Institut, Copenhagen Business School
Subject:	econometrics \| demography

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Working Paper Series Number 06-2009 54 pages
Classification:	C01 - Econometrics ; J11 - Demographic Trends and Forecasts
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010611569