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The classical method (Mosteller, 1951) for estimating Thurstone´s Case V model for ranking data consists in a) transforming the observed ranking patterns to patterns of binary paired comparisons, b) obtaining the normal deviate corresponding to the men of each binary variable, and c) estimate...
Persistent link: https://www.econbiz.de/10005690383
We provide a gentle overview of modeling choice data, with an emphasis on statistical models that allow treating both observed and unobserved effects due to the decision makers and choice options. We first consider the situation when decision makers express their preferences in the form of...
Persistent link: https://www.econbiz.de/10005737100