Empirical underidentification in estimating random utility models: The role of choice sets and standardizations

A standard approach to distinguishing people’s risk preferences is to estimate a random utility model using a power utility function to characterize the preferences and a logit function to capture choice consistency. We demonstrate that with often‐used choice situations, this model suffers from empi...

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Detalles Bibliográficos
Autores principales: Olschewski, Sebastian, Sirotkin, Pavel, Rieskamp, Jörg
Formato: Online Artículo Texto
Lenguaje:English
Publicado: John Wiley and Sons Inc. 2021
Materias:
Original Articles
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9298769/
https://www.ncbi.nlm.nih.gov/pubmed/34747506
http://dx.doi.org/10.1111/bmsp.12256

Internet

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9298769/
https://www.ncbi.nlm.nih.gov/pubmed/34747506
http://dx.doi.org/10.1111/bmsp.12256

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