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The development of more realistic choice experiments has taken on board a number of suggestions in the broader hypothetical bias literature. One issue, in particular, is the increasing interest in finding ways to bridge the gap between the stated choice response and real choosing, as a way of...
Persistent link: https://www.econbiz.de/10010289580
In recent years there has been a re-focus on the valuation of a statistical life from the ex post or human capital method to an ex ante willingness to pay (WTP) approach. This is in part a recognition that we need to focus on establishing the amount, ex ante, that individuals are willing to pay...
Persistent link: https://www.econbiz.de/10010289601
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Instead of giving a negative incentive such as transport pricing, a positive incentive by rewarding travelers for ‘good behavior’ may yield different responses. In a Dutch pilot project called Peak Avoidance (in Dutch: ‘SpitsMijden’), a few hundred travelers participated in an experiment...
Persistent link: https://www.econbiz.de/10010902422
Background: Experimental designs constitute a vital component of all Stated Choice (aka discrete choice experiment) studies. However, there exists limited empirical evaluation of the statistical benefits of Stated Choice (SC) experimental designs that employ non-zero prior estimates in...
Persistent link: https://www.econbiz.de/10011599788
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This paper compares different types of simulated draws over a range of number of draws in generating Bayesian efficient designs for stated choice (SC) studies. The paper examines how closely pseudo Monte Carlo, quasi Monte Carlo and Gaussian quadrature methods are able to replicate the true...
Persistent link: https://www.econbiz.de/10010289615
Persistent link: https://www.econbiz.de/10003572581
Background: Experimental designs constitute a vital component of all Stated Choice (aka discrete choice experiment) studies. However, there exists limited empirical evaluation of the statistical benefits of Stated Choice (SC) experimental designs that employ non-zero prior estimates in...
Persistent link: https://www.econbiz.de/10010526926
We review the basic principles for the evaluation of design efficiency in discrete choice modelling with a focus on efficiency of WTP estimates from the multinomial logit model. The discussion is developed under the realistic assumption that researchers can plausibly define a prior belief on the...
Persistent link: https://www.econbiz.de/10010879133