scholarly journals Hypothetical bias in stated choice experiments: Part II. Conceptualisation of external validity, sources and explanations of bias and effectiveness of mitigation methods

2021 ◽  
pp. 100322
Author(s):  
Milad Haghani ◽  
Michiel C.J. Bliemer ◽  
John M. Rose ◽  
Harmen Oppewal ◽  
Emily Lancsar
2010 ◽  
Vol 26 (6) ◽  
pp. 1846-1854 ◽  
Author(s):  
Mogens Fosgerau ◽  
Søren Feodor Nielsen

In many stated choice experiments researchers observe the random variablesVt,Xt, andYt= 1{U+δ⊤Xt+ εt<Vt},t≤T, whereδis an unknown parameter andUand εtare unobservable random variables. We show that under weak assumptions the distributions ofUand εtand also the unknown parameterδcan be consistently estimated using a sieved maximum likelihood estimation procedure.


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