I am trying to compare different discounting models and have written ml
programs to estimate parameters for the exponential and the hyperbolic
discounting functions using my dataset. I would now like to be able to
compare these two models. Given that they are non-nested, I am having
difficulty finding appropriate tests. I would like to be able to compare AIC
and BIC for these models but when I try using fitstat it doesn't work. Can
anyone suggest another way of doing it, other than calculating AIC by hand?
Thanks very much,
Ananya
--
Ananya Chakravarti
Research Assistant
National Bureau of Economic Research
1050 Massachusetts Avenue
Cambridge MA 02138
Tel.: 617 588 1432
Cell: 617 777 2264
<http://www.nber.org>
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