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Using Elicited Choice Probabilities to Estimate Random Utility Models : Preferences for Electricity Reliability

Author: Asher A Blass; Saul Lach; Charles F Manski
Publisher: Cambridge, Mass. National Bureau of Economic Research 2008.
Series: Working paper series (National Bureau of Economic Research), no. w14451.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
When data on actual choices are not available, researchers studying preferences sometimes pose choice scenarios and ask respondents to state the actions they would choose if they were to face these scenarios. The data on stated choices are then used to estimate random utility models, as if they are data on actual choices. Stated choices may differ from actual ones because researchers typically provide respondents  Read more...
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Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Asher A Blass; Saul Lach; Charles F Manski
OCLC Number: 1027316301
Notes: October 2008.
Description: 1 online resource.
Details: Mode of access: World Wide Web.
Series Title: Working paper series (National Bureau of Economic Research), no. w14451.
Responsibility: Asher A. Blass, Saul Lach, Charles F. Manski.

Abstract:

When data on actual choices are not available, researchers studying preferences sometimes pose choice scenarios and ask respondents to state the actions they would choose if they were to face these scenarios. The data on stated choices are then used to estimate random utility models, as if they are data on actual choices. Stated choices may differ from actual ones because researchers typically provide respondents with less information than they would have facing actual choice problems. Elicitation of choice probabilities overcomes this problem by permitting respondents to express uncertainty about their behavior. This paper shows how to use elicited choice probabilities to estimate random utility models with random coefficients and applies the methodology to estimate preferences for electricity reliability in Israel.

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