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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
A growing number of studies across different fields are making use of a new class of choice models, labelled variably as hybrid model structures or integrated choice and latent variable models, and incorporating the role of attitudes in decision making. To date, this technique has not been used...
Persistent link: https://www.econbiz.de/10011042728
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