Introduction to FUR special issue

Morten Lau, Glenn W. Harrison, Daniel Read

Research output: Contribution to journalJournal articleResearchpeer-review


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.
Original languageEnglish
JournalTheory and Decision
Issue number1
Pages (from-to)1-2
Publication statusPublished - 2012
Externally publishedYes

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