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文章基本信息

  • 标题:Selecting Random Parameters in Discrete Choice Experiment for Environmental Valuation: A Simulation Experiment
  • 作者:Petr Mariel ; Amaya De Ayala ; David Hoyos
  • 期刊名称:Biltoki
  • 出版年度:2010
  • 期号:1-10
  • 出版社:Universidad del País Vasco
  • 摘要:

    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 the log-likelihood ratio test. The identification of random parameters in other words the recognition of preference heterogeneity among population is based on the fact that an individual makes a choice depending on her/his: tastes, perceptions and experiences. A simulation experiment was carried out based on a real choice experiment and the results indicated that the power of these three tests depends importantly on the spread and type of the tested parameter distribution.

  • 关键词:choice experiment; preference heterogeneity; random parameter logit; simulation; tests for selecting random parameters
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