Understanding Heterogeneous Preferences in Random Utility Models: A Latent Class Approach
β Scribed by Peter C. Boxall; Wiktor L. Adamowicz
- Book ID
- 110407606
- Publisher
- Springer
- Year
- 2002
- Tongue
- English
- Weight
- 231 KB
- Volume
- 23
- Category
- Article
- ISSN
- 0924-6460
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π SIMILAR VOLUMES
Clinical diagnoses of complex diseases may often encompass multiple genetically heterogeneous disorders. One way of dissecting this heterogeneity is to apply latent class (LC) analysis to measurements related to the diagnosis, such as detailed symptoms, to define more homogeneous disease sub-types,
We calibrate and contrast the recent generalized multinomial logit model and the widely used latent class logit model approaches for studying heterogeneity in consumer purchases. We estimate the parameters of the models on panel data of household ketchup purchases, and find that the generalized mult