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Start values for wta parameter

Posted: 19 Feb 2024, 18:51
by manes
Hi all,

My data was generated from a DCE aimed at extracting WTA compensation for receiving a low-reliability electricity supply.
To estimate the model in MNL, my initial thought was to force the WTA param. to be positive (i.e. by assigning log normal distribution).
However, since optout was not an option, I'm not sure if this is a good idea.
would be happy to have your insights.
Best
Anat

Re: Start values for wta parameter

Posted: 23 Feb 2024, 11:26
by stephanehess
Anat

Can you provide us with a bit more detail, please, e.g. a screenshot of a SC task?

Thanks

Stephane

Re: Start values for wta parameter

Posted: 29 Feb 2024, 11:16
by manes
Sorry for not responding on time. Attached is the screenshot of a WTA menu.

Re: Start values for wta parameter

Posted: 06 May 2024, 08:22
by stephanehess
Anat

apologies for the very slow reply.

I would use a lognormal distribution indeed. It's not about whether you have an opt-out or not, really, but about whether it would make sense behaviourally for people to have a diferently signed coefficient

Stephane