Non-Linear Mixed Logit and the Characterization of Individual Heterogeneity

Steffen Andersen, Glenn W. Harrison, Arne Risa Hole, E. Elisabet Rutström

Research output: Working paperResearch

Abstract

Experimental data exhibit considerable individual heterogeneity. We review the econometric methods employed to characterize that heterogeneity. We pay particular attention to the trade-off between collecting and allowing for observable characteristics, such as the familiar demographics, and the use of statistical methods to allow for unobserved individual heterogeneity. We demonstrate that these tools are complementary.
Experimental data exhibit considerable individual heterogeneity. We review the econometric methods employed to characterize that heterogeneity. We pay particular attention to the trade-off between collecting and allowing for observable characteristics, such as the familiar demographics, and the use of statistical methods to allow for unobserved individual heterogeneity. We demonstrate that these tools are complementary.
LanguageEnglish
Place of PublicationFrederiksberg
PublisherDepartment of Economics, Copenhagen Business School
Number of pages53
StatePublished - 2009
SeriesWorking Paper / Department of Economics. Copenhagen Business School
Number6-2009

Cite this

Andersen, S., Harrison, G. W., Hole, A. R., & Rutström, E. E. (2009). Non-Linear Mixed Logit and the Characterization of Individual Heterogeneity. Frederiksberg: Department of Economics, Copenhagen Business School. Working Paper / Department of Economics. Copenhagen Business School, No. 6-2009
Andersen, Steffen ; Harrison, Glenn W. ; Hole, Arne Risa ; Rutström, E. Elisabet. / Non-Linear Mixed Logit and the Characterization of Individual Heterogeneity. Frederiksberg : Department of Economics, Copenhagen Business School, 2009. (Working Paper / Department of Economics. Copenhagen Business School; No. 6-2009).
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Andersen, S, Harrison, GW, Hole, AR & Rutström, EE 2009 'Non-Linear Mixed Logit and the Characterization of Individual Heterogeneity' Department of Economics, Copenhagen Business School, Frederiksberg.

Non-Linear Mixed Logit and the Characterization of Individual Heterogeneity. / Andersen, Steffen; Harrison, Glenn W.; Hole, Arne Risa; Rutström, E. Elisabet.

Frederiksberg : Department of Economics, Copenhagen Business School, 2009.

Research output: Working paperResearch

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AB - Experimental data exhibit considerable individual heterogeneity. We review the econometric methods employed to characterize that heterogeneity. We pay particular attention to the trade-off between collecting and allowing for observable characteristics, such as the familiar demographics, and the use of statistical methods to allow for unobserved individual heterogeneity. We demonstrate that these tools are complementary.

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Andersen S, Harrison GW, Hole AR, Rutström EE. Non-Linear Mixed Logit and the Characterization of Individual Heterogeneity. Frederiksberg: Department of Economics, Copenhagen Business School. 2009.