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This paper examines two tests commonly used to select random parameters in choice modelling: the Lagrange Multiplier (LM) test as proposed by McFadden and Train (2000) and the t-statistic of the deviation of the random parameter. A simulation exercise based on a real case study is carried out...
Persistent link: https://www.econbiz.de/10010703060
Attribute non-attendance in stated choice experiments (CE) has gained attention in literature, with some studies finding that not all respondents attend to all attributes. While the current studies show that taking non-attendance into account can significantly influence survey results, it is not...
Persistent link: https://www.econbiz.de/10011049913