with feedback and traditional models that do not allow for preference endogeneity finds that the former performs better in … preferences can reasonably be assumed to be stable. We build on Latent Class Choice Models (LCCMs) to allow for preference … endogeneity. Conventional LCCMs formulate class membership as some function of the decision-maker’s characteristics, but they …

This paper investigates how preference endogeneity, in the form of habit persistence, can affect short-run and long … empirical results suggest that preference endogeneity appears to have an important effect. This has policy implications for …