I have designed a discrete choice experiment to estimate WTP figures for a non-market good within a group where I think preference is heterogeneous. But I am currently struggling to estimate the model.
I have read Train’s “DCE Methods with Simulation”, but I am unable to implement the programming techniques he proposed for estimating the model parameters. I don’t have a programming background, but I can read and implement R command syntax. I have tried to read around but it’s not helping. Most of the resources I found were on general multinomial logit.
I just discovered this Forum today and I am new to Stan. I would be glad if someone can recommend a go-to Beginner Resource on Stan with step-by-step guide on how to implement the estimation procedure for this model. More interested in syntax-based guides.
Thanks for your support.