Showing 1 - 5 of 5
Income is a key variable in many choice models. It is also one of the most salient examples of a variable affected by data problems. Issues with income arise as measurement errors in categorically captured income, correlation between stated income and unobserved variables, systematic over- or...
Persistent link: https://www.econbiz.de/10011117145
An increasing number of studies are concerned with the use of alternatives to random utility maximisation as a decision rule in choice models, with a particular emphasis on regret minimisation over the last few years. The initial focus was on revealing which paradigm fits best for a given...
Persistent link: https://www.econbiz.de/10011049905
Recent interest in the topic of random scale heterogeneity in discrete choice data has led to the development of specialised tools such as the G-MNL model, as well as repeated claims that studies which fail to separate scale heterogeneity from heterogeneity in individual coefficients are likely...
Persistent link: https://www.econbiz.de/10010703057
Persistent link: https://www.econbiz.de/10011367195
This paper compares different types of simulated draws over a range of number of draws in generating Bayesian efficient designs for stated choice (SC) studies. The paper examines how closely pseudo Monte Carlo, quasi Monte Carlo and Gaussian quadrature methods are able to replicate the true...
Persistent link: https://www.econbiz.de/10011367201