(Part 2)
2. Over specified model
To estimate the overspecified model, I first estimated a CL model (all priors = 0) just with all levels of all attributes, including ASC and SQ. Then I increased complexity and estimated a MXL model with all levels of all attributes and SD parameters (mu_log_b ...
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Search found 3 matches
- 28 Apr 2025, 10:32
- Forum: Estimation results
- Topic: Strong differences in WTP and utility space estimations using mixed logit model
- Replies: 6
- Views: 452798
- 28 Apr 2025, 10:22
- Forum: Estimation results
- Topic: Strong differences in WTP and utility space estimations using mixed logit model
- Replies: 6
- Views: 452798
Re: Strong differences in WTP and utility space estimations using mixed logit model
Dear David,
Thank you very much for your response to my post. I followed your suggestions and tested both approaches. However, with both approaches we still find important differences between the results in utility and WTP space.
1. Model using correlated random coefficients for all parameters ...
Thank you very much for your response to my post. I followed your suggestions and tested both approaches. However, with both approaches we still find important differences between the results in utility and WTP space.
1. Model using correlated random coefficients for all parameters ...
- 24 Mar 2025, 15:32
- Forum: Estimation results
- Topic: Strong differences in WTP and utility space estimations using mixed logit model
- Replies: 6
- Views: 452798
Strong differences in WTP and utility space estimations using mixed logit model
Hi all,
I estimate a mixed logit model in WTP space with uncorrelated random parameters. Survey respondents could choose between two program alternatives and a status quo. The program options have three attributes, including a payment attribute (which how much respondent would be paid in ...
I estimate a mixed logit model in WTP space with uncorrelated random parameters. Survey respondents could choose between two program alternatives and a status quo. The program options have three attributes, including a payment attribute (which how much respondent would be paid in ...