Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/208564 
Year of Publication: 
2010
Series/Report no.: 
Working paper No. 4-2010
Publisher: 
Copenhagen Business School (CBS), Department of Economics, Frederiksberg
Abstract: 
We develop an extension of the familiar linear mixed logit model to allow for the direct estimation of parametric non-linear functions defined over structural parameters. A classic application is the estimation of coefficients of utility functions to characterize risk attitudes. There are several unexpected benefits of this extension, apart from the ability to directly estimate structural parameters of theoretical interest.
Subjects: 
utility functions
risk attitudes
utility theory
JEL: 
C10
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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