On the effect of the prior of Bayes estimators of the willingness to pay for electric-vehicle driving range

RA Daziano, E Chiew - Transportation Research Part D: Transport and …, 2013 - Elsevier
We use Bayes' estimator of a consumer-surplus probit model to study the relevance of the
prior in a discrete choice model. We take random subsamples of varying sizes of stated …