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In contrast with expected utility theory, empirical findings indicate that decisionmakers are sensitive to departures from reference points rather than states. Several tests of the reference-dependent preference framework have been carried out in experimental economics, and to a smaller extent...
Persistent link: https://www.econbiz.de/10009366841
This paper reports on a study which seeks to improve our understanding of how people choose between different kinds of flight at competing airports, and how their choices are affected by access conditions. In particular, using stated choice data collected in Scotland, it investigates whether...
Persistent link: https://www.econbiz.de/10010729942
We present a highly structured, online, interactive choice environment containing a large number of alternatives, a search tool that eliminates alternatives that fail specified criteria, and a sort tool. A conceptual framework is developed that links tool usage and preference heterogeneity, and...
Persistent link: https://www.econbiz.de/10010755142
With the growing interest in the topic of attribute non-attendance, there is now widespread use of latent class (LC) structures aimed at capturing such behaviour, across a number of different fields. Specifically, these studies rely on a confirmatory LC model, using two separate values for each...
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There is growing interest in the notion that a significant component of the heterogeneity retrieved in random coefficients models may actually relate to variations in absolute sensitivities, a phenomenon referred to as scale heterogeneity. As a result, a number of authors have tried to...
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