Mariel Chladkova, Petr; Abdullah, Sabah; De Ayala … - Departamento de Economía Aplicada III (Econometría y … - 2010
This paper examines the various tests commonly used to select random parameters in choice modelling. The most common procedures for selecting random parameters are: the Lagrange Multiplier test as proposed by McFadden and Train (2000), the t-statistic of the deviation of the random parameter and...