Showing 1 - 6 of 6
Persistent link: https://www.econbiz.de/10014532491
We examine the impact of individual-specific information processing strategies (IPSs) on the inclusion/exclusion of attributes on the parameter estimates and behavioural outputs of models of discrete choice. Current practice assumes that individuals employ a homogenous IPS with regards to how...
Persistent link: https://www.econbiz.de/10009438188
Persistent link: https://www.econbiz.de/10010867426
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
Within the discrete choice modelling literature, there has been growing interest in including reference alternatives within stated choice survey tasks. Recent studies have investigated asymmetric utility specifications by estimating discrete choice models that include different parameters...
Persistent link: https://www.econbiz.de/10008838008
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 on the...
Persistent link: https://www.econbiz.de/10005634943