Introduction to FUR special issue

Morten Lau, Glenn W. Harrison, Daniel Read

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

Abstrakt

We develop an extension of the familiar linear mixed logit model to allow for the direct estimation of parametric non-linear functions defined over structural parameters. Classic applications include the estimation of coefficients of utility functions to characterize risk attitudes and discounting functions to characterize impatience. There are several unexpected benefits of this extension, apart from the ability to directly estimate structural parameters of theoretical interest.
OriginalsprogEngelsk
TidsskriftTheory and Decision
Vol/bind73
Udgave nummer1
Sider (fra-til)1-2
ISSN0040-5833
DOI
StatusUdgivet - 2012
Udgivet eksterntJa

Emneord

  • Risk Attitudes
  • Random Coefficients
  • Mixed Logit
  • Lottery Choices
  • Behavioral Eonometrics
  • Structural Estimation

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