Using elicited choice probabilities to estimate random utility models: Preferences for electricity reliability

Asher A. Blass, Saul Lach, Charles F. Manski*

*Corresponding author for this work

Research output: Contribution to journalArticle

35 Scopus citations

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.

Original languageEnglish (US)
Pages (from-to)421-440
Number of pages20
JournalInternational Economic Review
Volume51
Issue number2
DOIs
StatePublished - May 1 2010

ASJC Scopus subject areas

  • Economics and Econometrics

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