Using Elicited Choice Probabilities to Estimate Random Utility Models: Preferences for Electricity Reliability

Charles Manski, Saul Lach and Asher Blass ()

No 7030, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: When data on actual choices are not available, researchers studying preferences sometimes pose choice scenarios and ask respondents to state the actions they would choose if they were to face these scenarios. The data on stated choices are then used to estimate random utility models, as if they are data on actual choices. Stated choices may differ from actual ones because researchers typically provide respondents with less information than they would have facing actual choice problems. Elicitation of choice probabilities overcomes this problem by permitting respondents to express uncertainty about their behavior. This paper shows how to use elicited choice probabilities to estimate random utility models with random coefficients and applies the methodology to estimate preferences for electricity reliability in Israel.

Keywords: Choice probabilities; Stated choices; Wtp for electricity reliability (search for similar items in EconPapers)
JEL-codes: C2 C25 D12 L51 L94 (search for similar items in EconPapers)
Date: 2008-11
New Economics Papers: this item is included in nep-dcm, nep-ecm, nep-ene and nep-upt
References: Add references at CitEc
Citations: View citations in EconPapers (17)

Downloads: (external link)
https://cepr.org/publications/DP7030 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
Journal Article: USING ELICITED CHOICE PROBABILITIES TO ESTIMATE RANDOM UTILITY MODELS: PREFERENCES FOR ELECTRICITY RELIABILITY (2010)
Working Paper: Using Elicited Choice Probabilities to Estimate Random Utility Models: Preferences for Electricity Reliability (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:7030

Ordering information: This working paper can be ordered from
https://cepr.org/publications/DP7030

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().