Two logit models for external analysis of preferences |
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Authors: | Lee G. Cooper Masao Nakanishi |
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Affiliation: | 1. Graduate School of Management, University of California, 90024, Los Angeles, California 2. Kwansei Gakuin University, Japan
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Abstract: | A logit vector model and a logit ideal point model are presented for external analysis of paired comparison preference judgments aggregated over a homogeneous group. The logit vector model is hierarchically nested within the logit ideal point model so that statistical tests are available to distinguish between these two models. Generalized least squares estimation procedures are developed to account for heteroscedastic sampling error variances and specification error variances. Two numerical illustrations deal with judgments concerning employee compensation plans and preferences for salt and sugar in the brine of canned green beans. |
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