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st: WTP from mixed logit
From
Carla Guerriero <[email protected]>
To
[email protected]
Subject
st: WTP from mixed logit
Date
Sat, 22 Feb 2014 11:56:20 +0000
Dear Statalist,
I am analyzing the results of a discrete choice experiment I used both
MNL and Mixed Logit ..
I fund from the Mixed Logit results that all the standard deviaiton of
my coefficients (excluding price which I assumed to be fixed) are
statistically significant indicating a high heterogeneity in the
sample also as expected the mixed model fits data better compared to
traditional MNL.
My question is should I use Mixed Logit results to estimate WTP ( and
then delta or boostrapping or Kristen Roob to estimate CI around WTP )
or MNL results ( and then delta or boostrapping or Kristen Roob to
estimate CI around WTP )? I also want to implement a latent variable
model ... can I estimate WTP from that ?
Thank you very much
Kind Regards
Carla
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