Using Elicited Choice Probabilities to Estimate Random Utility Models: Preferences for Electricity Reliability

20 Pages Posted: 26 May 2010

See all articles by Asher Blass

Asher Blass

Bank of Israel - Research Department

Saul Lach

Hebrew University of Jerusalem - Department of Economics; CEPR

Charles F. Manski

Northwestern University - Department of Economics; National Bureau of Economic Research (NBER)

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Abstract

When choice data are not available, researchers studying preferences sometimes ask respondents to state the actions they would choose in choice scenarios. Data on stated choices are then used to estimate random utility models, as if they are data on actual choices. Stated and actual choices may differ because researchers typically provide respondents less information than they would have in actuality. Elicitation of choice probabilities overcomes this problem by permitting respondents to express uncertainty about behavior. This article shows how to use elicited choice probabilities to estimate random utility models and reports estimates of preferences for electricity reliability.

Suggested Citation

Blass, Asher and Lach, Saul and Manski, Charles F., Using Elicited Choice Probabilities to Estimate Random Utility Models: Preferences for Electricity Reliability. International Economic Review, Vol. 51, Issue 2, pp. 421-440, May 2010, Available at SSRN: https://ssrn.com/abstract=1611955 or http://dx.doi.org/10.1111/j.1468-2354.2010.00586.x

Asher Blass (Contact Author)

Bank of Israel - Research Department ( email )

PO Box 780
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Israel
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Saul Lach

Hebrew University of Jerusalem - Department of Economics ( email )

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CEPR

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Charles F. Manski

Northwestern University - Department of Economics ( email )

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National Bureau of Economic Research (NBER)

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