Abstract
We empirically question the commonly invoked assumption of normality of taste distribution in mixed logit models with continuous random parameters. We use a WTP-space random utility discrete choice model with flexible distributions on data from two choice experiments regarding beef with nested set of quality attributes. We specifically focus on distributional features such as asymmetry, multi-modality and range of variation, and find little support for normality. Our results are robust to attribute dimensionality in experimental design. Implications of our results for practitioners in the field are discussed.
Original language | English |
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Pages (from-to) | 10-27 |
Number of pages | 18 |
Journal | Journal of Choice Modelling |
Volume | 28 |
DOIs | |
Publication status | Published - 2018 Sept |
Keywords
- Flexible taste distributions
- Food preferences
- Logit mixed logit
- Mixed logit
- Preference heterogneity
ASJC Scopus subject areas
- Modelling and Simulation
- Statistics, Probability and Uncertainty