TY - JOUR
T1 - Using elicited choice probabilities to estimate random utility models
T2 - Preferences for electricity reliability
AU - Blass, Asher A.
AU - Lach, Saul
AU - Manski, Charles F.
PY - 2010/5
Y1 - 2010/5
N2 - When choice data are not available, researchers studying preferences sometimes ask respondents to state the actions they would choose in choice scenarios. Data on stated choices are then used to estimate random utility models, as if they are data on actual choices. Stated and actual choices may differ because researchers typically provide respondents less information than they would have in actuality. Elicitation of choice probabilities overcomes this problem by permitting respondents to express uncertainty about behavior. This article shows how to use elicited choice probabilities to estimate random utility models and reports estimates of preferences for electricity reliability.
AB - When choice data are not available, researchers studying preferences sometimes ask respondents to state the actions they would choose in choice scenarios. Data on stated choices are then used to estimate random utility models, as if they are data on actual choices. Stated and actual choices may differ because researchers typically provide respondents less information than they would have in actuality. Elicitation of choice probabilities overcomes this problem by permitting respondents to express uncertainty about behavior. This article shows how to use elicited choice probabilities to estimate random utility models and reports estimates of preferences for electricity reliability.
UR - http://www.scopus.com/inward/record.url?scp=77954128529&partnerID=8YFLogxK
U2 - 10.1111/j.1468-2354.2010.00586.x
DO - 10.1111/j.1468-2354.2010.00586.x
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AN - SCOPUS:77954128529
SN - 0020-6598
VL - 51
SP - 421
EP - 440
JO - International Economic Review
JF - International Economic Review
IS - 2
ER -