Table 4.
Comparison of models based on different utility forms.
| Utility forms | Log likelihood | df | AIC | BIC |
|---|---|---|---|---|
| Eq. (2) | −23894.65 | 103 | 47995.3 | 48719.98 |
| Eq. (3) | −23547.8 | 103 | 47301.59 | 48026.27 |
| Eq. (4) | −23547.8 | 103 | 47301.59 | 48026.27 |
| Eq. (5) | −23919.9 | 99 | 48037.8 | 48734.34 |
| Eq. (6) | −23547.8 | 102 | 47299.6 | 48017.25 |
| Model with only baseline preference constants and the satiation parameters | −24619.19 | 6 | 49250.39 | 49292.60 |