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Best and worst choices

Author

Listed:
  • André De Palma

    (ENS Cachan - École normale supérieure - Cachan)

  • Karim Kilani

    (LIRSA - Laboratoire interdisciplinaire de recherche en sciences de l'action - CNAM - Conservatoire National des Arts et Métiers [CNAM])

  • Gilbert Laffond

    () (LIRSA-CRC - Laboratoire Interdisciplinaire de Recherche en Sciences de l'Action - Centre de recherche en comptabilité - CNAM - Conservatoire National des Arts et Métiers [CNAM])

Abstract

We show that the number of individuals selecting their worst alternatives within a finite set of alternatives can be written as an alternating sum of the number of individuals having their best choice within subset of alternatives. The identities are then applied to random utility models, including the multinomial logit model, the mixed logit model and the disaggregated version of the CES representative consumer model. Finally, we show that better estimates are obtained if respondents are asked to reveal their worst instead of their best choices.

Suggested Citation

  • André De Palma & Karim Kilani & Gilbert Laffond, 2013. "Best and worst choices," Working Papers halshs-00825656, HAL.
  • Handle: RePEc:hal:wpaper:halshs-00825656
    Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00825656
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    References listed on IDEAS

    as
    1. José Labeaga & Xisco Oliver & Amedeo Spadaro, 2008. "Discrete choice models of labour supply, behavioural microsimulation and the Spanish tax reforms," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 6(3), pages 247-273, September.
    2. Train,Kenneth E., 2009. "Discrete Choice Methods with Simulation," Cambridge Books, Cambridge University Press, number 9780521747387, December.
    3. Kokovin, Sergey & Thisse, Jacques-François & Zhelobodko, Evgeny, 2010. "Monopolistic Competition: Beyond the CES," CEPR Discussion Papers 7947, C.E.P.R. Discussion Papers.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Best-worst; CES; Discrete choice models; Gumbel distribution; Logit; Logsum;

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