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Testing Preference Axioms in Discrete Choice experiments: A Reappraisal

Jens Hougaard (), Tue Tjur and Lars Peter Østerdal
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Tue Tjur: Copenhagen Business School

No 06-11, Discussion Papers from University of Copenhagen. Department of Economics

Abstract: Recent studies have tested the preference axioms of completeness and transitivity, and have detected other preference phenomena such as unstability, learning- and tiredness effects, ordering effects and dominance, in stated preference discrete choice experiments. However, it has not been explicitly addressed in these studies which preference models are actually being tested, and the connection between the statistical tests performed and the relevant underlying models of respondent behavior has not been explored further. This paper tries to fill that gap. We specifically analyze the meaning and role of the preference axioms and other preference phenomena in the context of stated preference discrete choice experiments, and examine whether or how these can be subject to meaningful (statistical) tests.

Keywords: stated preference discrete choice experiments; completeness; transitivity; random utility; statistical tests (search for similar items in EconPapers)
JEL-codes: B41 C52 D01 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2006-06
New Economics Papers: this item is included in nep-cbe, nep-dcm, nep-exp and nep-upt
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Persistent link: https://EconPapers.repec.org/RePEc:kud:kuiedp:0611

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