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ICLV

Posted: 23 Jul 2020, 15:11
by Rugg92
Dear Apollo users,

I am new to Apollo and I am trying to set up an ICLV model. My model is fairly simple, one dependent binary variable (buy insurance not buy insurance) and around 5 independent latent variable, each of them with 3 or more indicator variables. The latent variables are latent construct that explain the decision of the subject. This is kind similar to the UTAUT framework.

I am having trouble in setting up the model, in particular in specifying the utility and the parameters to be estimated.

Any help?

Re: ICLV

Posted: 23 Jul 2020, 15:24
by stephanehess
Hi

it's difficult to offer general help without specific questions or issues. Did you look at the ICLV examples on the website?

Best wishes

Stephane

Re: ICLV

Posted: 23 Jul 2020, 15:39
by Rugg92
The main doubt I have is that it seems that i need to specify an utility function, however if subject's choice is no, how should I specify the utility?

Re: ICLV

Posted: 23 Jul 2020, 15:48
by stephanehess
Hi

when the outcome is just a yes/no answer, and the attributes are situation rather than alternative specific, then you just make the utility 0 for one of the two alternatives, and put the attributes in the other utility. Only differences in utility matter

Hope that helps

Stephane