The use of the cut-offs methodology to identify inconsistent answers in discrete choice models
[EN] In the choice experiment method respondents are typically assumed to hold a perfectly rational selection rule. However, individuals may use other selection rules when choosing the preferred alternative to simplify the choice. In this paper, we make use of the “cutoffs” model to as a way of hand...
| Autores: | , , |
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| Tipo de recurso: | artículo |
| Fecha de publicación: | 2011 |
| País: | España |
| Institución: | Universitat Politècnica de València (UPV) |
| Repositorio: | RiuNet. Repositorio Institucional de la Universitat Politécnica de Valéncia |
| Idioma: | español |
| OAI Identifier: | oai:riunet.upv.es:10251/117682 |
| Acceso en línea: | https://riunet.upv.es/handle/10251/117682 |
| Access Level: | acceso abierto |
| Palabra clave: | Experimento de elección Inconsistencias en la elección Puntos de corte Choice experiment Choice inconsistency Cut-offs |
| Sumario: | [EN] In the choice experiment method respondents are typically assumed to hold a perfectly rational selection rule. However, individuals may use other selection rules when choosing the preferred alternative to simplify the choice. In this paper, we make use of the “cutoffs” model to as a way of handling the non-compensatory nature of choices. Furthermore, we extend it to allow consideration of inconsistencies in choice in stated preference choice data. We find that this allows a better fitting model to be estimated, and that it produces considerable effects on the implied willingness to pay. |
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