Stated Choice Methods

Multidisciplinary graduate and practitioner guide offering the theory and application of stated choice methods.

Author: Jordan J. Louviere

Publisher: Cambridge University Press

ISBN: 0521788307

Category: Business & Economics

Page: 402

View: 569

Download →

Multidisciplinary graduate and practitioner guide offering the theory and application of stated choice methods.
Posted in:

Stated Preference Methods Using R

A.3 Discrete choice models Various R packages provide functions for carrying out discrete choice model analysis. As an example, the mlogit package (Croissant, 2012) is a powerful and useful package that specializes in discrete choice ...

Author: Hideo Aizaki

Publisher: CRC Press

ISBN: 9781439890479

Category: Mathematics

Page: 254

View: 722

Download →

Stated Preference Methods Using R explains how to use stated preference (SP) methods, which are a family of survey methods, to measure people’s preferences based on decision making in hypothetical choice situations. Along with giving introductory explanations of the methods, the book collates information on existing R functions and packages as well as those prepared by the authors. It focuses on core SP methods, including contingent valuation (CV), discrete choice experiments (DCEs), and best–worst scaling (BWS). Several example data sets illustrate empirical applications of each method with R. Examples of CV draw on data from well-known environmental valuation studies, such as the Exxon Valdez oil spill in Alaska. To explain DCEs, the authors use synthetic data sets related to food marketing and environmental valuation. The examples illustrating BWS address valuing agro-environmental and food issues. All the example data sets and code are available on the authors’ website, CRAN, and R-Forge, allowing readers to easily reproduce working examples. Although the examples focus on agricultural and environmental economics, they provide beginners with a good foundation to apply SP methods in other fields. Statisticians, empirical researchers, and advanced students can use the book to conduct applied research of SP methods in economics and market research. The book is also suitable as a primary text or supplemental reading in an introductory-level, hands-on course.
Posted in:

Combining Revealed and Stated Preference Methods to Assess the Private Value of Agrobiodiversity in Hungarian Home Gardens

Following Swait and Louviere (1993), our approach assumes that the conditional logit model is the true model in the application of interest. The results of the conditional logit estimation for the stated preference, choice experiment ...

Author: Ekin Birol, Andreas Kontoleon, and Melinda Smale

Publisher: Intl Food Policy Res Inst

ISBN:

Category: Social Science

Page:

View: 332

Download →

Posted in:

Valuing Environmental Amenities Using Stated Choice Studies

A Common Sense Approach to Theory and Practice Barbara J. Kanninen. suggested that individuals choose acts based on their performance in similar problems in the past. The review and assessment of a choice task is defined as a problem in ...

Author: Barbara J. Kanninen

Publisher: Springer Science & Business Media

ISBN: 9781402053139

Category: Business & Economics

Page: 337

View: 553

Download →

This book provides practical, research-based advice on how to conduct high-quality stated choice studies. It covers every aspect of the topic, from planning and writing the survey, to analyzing results, to evaluating quality. There is no other book on the market today that so thoroughly addresses the methodology of stated choice. Chapters are written by top-notch academics and practitioners in an accessible style, offering practical, tough advice.
Posted in:

The Construction of Optimal Stated Choice Experiments

This book begins with a brief description of the various areas where stated choice experiments are applicable, including marketing and health economics, transportation, environmental resource economics, and public welfare analysis.

Author: Deborah J. Street

Publisher: John Wiley & Sons

ISBN: 0470148551

Category: Mathematics

Page: 320

View: 612

Download →

The most comprehensive and applied discussion of stated choice experiment constructions available The Construction of Optimal Stated Choice Experiments provides an accessible introduction to the construction methods needed to create the best possible designs for use in modeling decision-making. Many aspects of the design of a generic stated choice experiment are independent of its area of application, and until now there has been no single book describing these constructions. This book begins with a brief description of the various areas where stated choice experiments are applicable, including marketing and health economics, transportation, environmental resource economics, and public welfare analysis. The authors focus on recent research results on the construction of optimal and near-optimal choice experiments and conclude with guidelines and insight on how to properly implement these results. Features of the book include: Construction of generic stated choice experiments for the estimation of main effects only, as well as experiments for the estimation of main effects plus two-factor interactions Constructions for choice sets of any size and for attributes with any number of levels A discussion of designs that contain a none option or a common base option Practical techniques for the implementation of the constructions Class-tested material that presents theoretical discussion of optimal design Complete and extensive references to the mathematical and statistical literature for the constructions Exercise sets in most chapters, which reinforce the understanding of the presented material The Construction of Optimal Stated Choice Experiments serves as an invaluable reference guide for applied statisticians and practitioners in the areas of marketing, health economics, transport, and environmental evaluation. It is also ideal as a supplemental text for courses in the design of experiments, decision support systems, and choice models. A companion web site is available for readers to access web-based software that can be used to implement the constructions described in the book.
Posted in:

Discrete Choice Methods with Simulation

Stated-preference data complement reve aled-preference data. A questionnaire is designed in which the respondent is presented with one or more choice experiments. In each experiment, two or more options are described, and the respondent ...

Author: Kenneth E. Train

Publisher: Cambridge University Press

ISBN: 9781139480376

Category: Business & Economics

Page: 400

View: 479

Download →

This book describes the new generation of discrete choice methods, focusing on the many advances that are made possible by simulation. Researchers use these statistical methods to examine the choices that consumers, households, firms, and other agents make. Each of the major models is covered: logit, generalized extreme value, or GEV (including nested and cross-nested logits), probit, and mixed logit, plus a variety of specifications that build on these basics. Recent advances in Bayesian procedures are explored, including the use of the Metropolis-Hastings algorithm and its variant Gibbs sampling. This second edition adds chapters on endogeneity and expectation-maximization (EM) algorithms. No other book incorporates all these fields, which have arisen in the past 25 years. The procedures are applicable in many fields, including energy, transportation, environmental studies, health, labor, and marketing.
Posted in:

The Economics of the Environment and Natural Resources

There are several examples of cases that require the use of stated preference methods. Any attempt to assess passive use value, or the values that are not associated with any observable behavior (visiting a wilderness area, etc.) ...

Author: Quentin Grafton

Publisher: John Wiley & Sons

ISBN: 9781405142342

Category: Business & Economics

Page: 520

View: 526

Download →

The Economics of the Environment and Natural Resourcescovers the essential topics students need to understandenvironmental and resource problems and their possible solutions.Its unique lecture format provides an in-depth exploration ofdiscrete topics, ideal for upper-level undergraduate, graduate ordoctoral study. Each chapter depicts the key theoretical insights,major issues, and real-life problems that motivate the subject. Inaddition, the chapters feature practical applications and casestudies, a list of annotated further reading, and extensivereferences. Offers broad treatment of issues in Environmental and ResourceEconomics. Provides in-depth exploration of a wide range of topics withits unique lecture format. Depicts key theoretical insights, major issues, and real-lifeproblems for each subject. Features case studies, annotated further reading, extensivereferences, and a detailed glossary.
Posted in:

Revealed Preference Approaches to Environmental Valuation Volumes I and II

stated. preference. approach. described. above. to. characterize recreationist choice of sites. The attributes used to describe the sites in the stated preference model are chosen based on the actual ranges of attributes of the sites in ...

Author: Catherine L. Kling

Publisher: Routledge

ISBN: 9781351903431

Category: Business & Economics

Page: 1218

View: 247

Download →

In this two volume collection the editors have chosen a sample of some of the most essential and inspirational articles and papers for understanding revealed preference methods to value environmental amenities. The papers cover the gamut of methods that are typically classified as revealed preference approaches - including: recreation demand models, hedonic methods, and averting behavior methods, as well as efforts to combine stated and revealed preferences. While this collection is far from exhaustive, the editors have included papers they believe will represent the state of the art in the theory and application of revealed preference methods, contribute to development of the state of the art, or raise fundamental challenges and insights that will drive the research agenda in the coming years.
Posted in:

The Measurement and Analysis of Housing Preference and Choice

Stated choice methods: Analysis and applications. Cambridge: Cambridge University Press. Louviere, J. J., Flynn, T. N., & Carson, R. T. (2010). Discrete choice experiments are not conjoint analysis. Journal of Choice Modelling, 3(3), ...

Author: Sylvia J.T. Jansen

Publisher: Springer Science & Business Media

ISBN: 9789048188949

Category: Science

Page: 272

View: 167

Download →

What are the current trends in housing? Is my planned project commercially viable? What should be my marketing and advertisement strategies? These are just some of the questions real estate agents, landlords and developers ask researchers to answer. But to find the answers, researchers are faced with a wide variety of methods that measure housing preferences and choices. To select and value a valid research method, one needs a well-structured overview of the methods that are used in housing preference and housing choice research. This comprehensive introduction to this field offers just such an overview. It discusses and compares numerous methods, detailing the potential limitation of each one, and it reaches beyond methodology, illustrating how thoughtful consideration of methods and techniques in research can help researchers and other professionals to deliver products and services that are more in line with residents’ needs.
Posted in: