Journal article | Zeitschriftenartikel
Mixture models of choice under risk
"This paper is concerned with estimating preference functionals for choice under risk from the choice behaviour of individuals. We note that there is heterogeneity in behaviour between individuals and within individuals. By ‘heterogeneity between individuals’ we mean that people are different, in terms of both their preference functionals and their parameters for these functionals. By ‘heterogeneity within individuals’ we mean that behaviour may be different even by the same individual for the same choice problem. We propose methods of taking into account all forms of heterogeneity, concentrating particularly on using a Mixture Model to capture the heterogeneity of preference functionals." [author's abstract]
- Umfang
-
Seite(n): 79-88
- Sprache
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Englisch
- Anmerkungen
-
Status: Postprint; begutachtet (peer reviewed)
- Erschienen in
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Journal of Econometrics, 162(1)
- Thema
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Sozialwissenschaften, Soziologie
Erhebungstechniken und Analysetechniken der Sozialwissenschaften
- Ereignis
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Geistige Schöpfung
- (wer)
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Conte, Anna
Hey, John D.
Moffatt, Peter G.
- Ereignis
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Veröffentlichung
- (wann)
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2009
- DOI
- URN
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urn:nbn:de:0168-ssoar-268433
- Rechteinformation
-
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
- Letzte Aktualisierung
-
21.06.2024, 16:27 MESZ
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Objekttyp
- Zeitschriftenartikel
Beteiligte
- Conte, Anna
- Hey, John D.
- Moffatt, Peter G.
Entstanden
- 2009
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