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(i.e. WTP's) from multinomial logit (MNL) estimations differ from those calculated using mixed logit estimations, where … the mixed logit has the better statistical fit. However, it is less clear under exactly what circumstances such …
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(i.e. WTP's) from multinomial logit (MNL) estimations differ from those calculated using mixed logit estimations, where … the mixed logit has the better statistical fit. It is, however, less clear under exactly what circumstances such …
Persistent link: https://www.econbiz.de/10013148764
An important advance in the study of reference-dependent preferences is the discipline provided by coherent accounts of reference point formation. Kőszegi and Rabin (2006) provide such discipline by positing a reference point grounded in rational expectations. We examine the predictions of...
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This paper contributes to the elicitation of a decision maker's strict preferences and their possible indifference or …
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way different costs enter their search decision. The search cost is a function of the amount of gasoline consumed while …
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