In contrast to the classical discrete choice experiment, the respondent in a rank-order discrete choice experiment, is asked to rank a number of alternatives instead of the preferred one. In this paper, we study the information matrix of a rank order nested multinomial logit model (RO.NMNL) and introduce local D-optimality criterion, then we obtain Locally D-optimal design for RO.NMNL models in...

We examine evidence from two unique discrete choice experiments (DCE) on long term care insurance and several of its relevant attributes, more specifically, choices made by 15,298 individuals in the United States with without insurance.We study valuation following namely daily benefit, coverage, compulsory voluntary nature policy design, alongside costs (insurance premium) health requirements T...

We report a laboratory experiment that enables us to estimate parametric models of ambiguity aversion at the level of the individual subject. We use two main specifications, a “kinked” specification that nests Maxmin Expected Utility, Choquet Expected Utility, αMaxmin Expected Utility, and Contraction Expected Utility and a “smooth” specification that nests the various theories referred to coll...