Start values for wta parameter
Posted: 19 Feb 2024, 18:51
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
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