Testing Preference Axioms in Discrete Choice experiments: A Reappraisal
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Testing Preference Axioms in Discrete Choice experiments : A Reappraisal. / Hougaard, Jens Leth; Østerdal, Lars Peter; Tjur, Tue.
Cph. : Department of Economics, University of Copenhagen, 2006.Research output: Working paper › Research
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TY - UNPB
T1 - Testing Preference Axioms in Discrete Choice experiments
T2 - A Reappraisal
AU - Hougaard, Jens Leth
AU - Østerdal, Lars Peter
AU - Tjur, Tue
N1 - JEL Classification: B41, C52, D01
PY - 2006
Y1 - 2006
N2 - Recent studies have tested the preference axioms of completeness and transitivity, and have detected other preference phenomena such as unstability, learning- and tiredness effects, ordering effects and dominance, in stated preference discrete choice experiments. However, it has not been explicitly addressed in these studies which preference models are actually being tested, and the connection between the statistical tests performed and the relevant underlying models of respondent behavior has not been explored further. This paper tries to fill that gap. We specifically analyze the meaning and role of the preference axioms and other preference phenomena in the context of stated preference discrete choice experiments, and examine whether or how these can be subject to meaningful (statistical) tests
AB - Recent studies have tested the preference axioms of completeness and transitivity, and have detected other preference phenomena such as unstability, learning- and tiredness effects, ordering effects and dominance, in stated preference discrete choice experiments. However, it has not been explicitly addressed in these studies which preference models are actually being tested, and the connection between the statistical tests performed and the relevant underlying models of respondent behavior has not been explored further. This paper tries to fill that gap. We specifically analyze the meaning and role of the preference axioms and other preference phenomena in the context of stated preference discrete choice experiments, and examine whether or how these can be subject to meaningful (statistical) tests
KW - Faculty of Social Sciences
KW - statistical tests
KW - random utility
KW - transitivity
KW - stated preference discrete choice experiments
M3 - Working paper
BT - Testing Preference Axioms in Discrete Choice experiments
PB - Department of Economics, University of Copenhagen
CY - Cph.
ER -
ID: 312580