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A comparison between mixed logit model and latent class logit model for multi-profile best-worst scaling: evidence from mobile payment choice dataset

Qinxin Guo and Junyi Shen

Applied Economics Letters, 2022, vol. 29, issue 14, 1300-1305

Abstract: This paper uses a multi-profile best-worst scaling dataset to compare the mixed logit model and the latent class logit model for mobile payment choice. Three non-nested tests are applied to show the comparison results. The results indicate that the mixed logit model is superior to the latent class logit model in all three tests.

Date: 2022
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DOI: 10.1080/13504851.2021.1927955

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