id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
bae-8087	Campbell, Danny; Sandorf, Erlend Dancke	The use of latent variable models in policy: A road fraught with peril?	2020	20	.pdf	application/pdf	8834	361	46	This insight suggests that if the main interest is on describing the means of the posterior MWTP distributions at the sample level, model choice is perhaps only consequential when the MWTP distribution 7 For this, we subtract the actual individual-specific MWTP from the mean of the predicted individual-specific posterior MWTP and take the arithmetic mean for each data generation setting and model and, again, apply the LOESS method with a smoothing parameter of 0.4. This paper explores the potential usefulness and possible pitfalls of using inte- grated choice and latent variable models (hybrid choice models) on stated choice data to inform policy.	cache/bae-8087.pdf	txt/bae-8087.txt