Date
Description
There is a growing body of evidence in the non-market valuation literature
suggesting that responses to a sequence of discrete choice questions tend to violate the
assumptions typically made by analysts regarding independence of responses and
stability of preferences. Heuristics such as value learning and strategic
misrepresentation have been offered as explanations for these results. While a few
studies have tested these heuristics as competing hypotheses, none have investigated
the possibility that each explains the response behaviour of a subgroup of the
population. In this paper, we make a contribution towards addressing this research gap
by presenting an equality-constrained latent class model designed to estimate the
proportion of respondents employing each of the proposed heuristics. We demonstrate
the model on binary and multinomial choice data sources and find three distinct types
of response behaviour. The results suggest that accounting for heterogeneity in
response behaviour may be a better way forward than attempting to identify a single
heuristic to explain the behaviour of all respondents.
GUID
oai:openresearch-repository.anu.edu.au:10440/1114
Handle
Identifier
oai:openresearch-repository.anu.edu.au:10440/1114
Identifiers
McNair, B., Hensher, D.A. & Bennett, J. (2010). Modelling heterogeneity in response behaviour towards a sequence of discrete choice questions: a latent class approach. Environmental Management & Development Occasional Paper 16. Canberra, ACT: Crawford School of Economics and Government, The Australian National University.
1447-6975
http://hdl.handle.net/10440/1114
http://digitalcollections.anu.edu.au/handle/10440/1114
https://openresearch-repository.anu.edu.au/bitstream/10440/1114/3/McNair_Modelling2010.pdf.jpg
Publication Date
Titles
Modelling heterogeneity in response behaviour towards a sequence of discrete choice questions: a latent class approach