Applying Mixed-Effects Modeling to Behavioral Economic Demand: An Introduction.

ABSTRACT: Behavioral economic demand methodology is increasingly being used in various fields such as substance use and consumer behavior analysis. Traditional analytical techniques to fitting demand data have proven useful yet some of these approaches require preprocessing of data, ignore dependence in the data, and present statistical limitations. We term these approaches "fit to group" and "two stage" with the former interested in group or population level estimates and the latter interested in individual subject estimates. As an extension to these regression techniques, mixed-effect (or multilevel) modeling can serve as an improvement over these traditional methods. Notable benefits include providing simultaneous group (i.e., population) level estimates (with more accurate standard errors) and i

SUBMITTER: Kaplan BA 

PROVIDER: S-EPMC8476685 | biostudies-literature | 2021 Sep

REPOSITORIES: biostudies-literature