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Re: delta method to calculate WTP (normal and log-normal parameters)
Posted: 24 Apr 2024, 15:36
by stephanehess
yes, that's correct
Re: delta method to calculate WTP (normal and log-normal parameters)
Posted: 28 Feb 2025, 15:34
by apk0022
How do we obtain the confidence interval for WTP estimates of the Mixed logit model?
Re: delta method to calculate WTP (normal and log-normal parameters)
Posted: 07 Mar 2025, 20:29
by stephanehess
Hi
that's only easily possible if you can write down an analytic form for the WTP moments (as with a ratio of two lognormals). If not, you need something like in this paper DOI: 10.1016/j.trb.2013.09.010
Stephane