A Proportional Random Utility Approach to Qualitative Response Models
A new functional form of the response probability for a qualitative response model is proposed. The new model is flexible enough to avoid the constraint of independence from irrelevant alternatives, which is perceived as a weakness of the multinomial logit model in some applications. It is computati...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
1989
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/350 |
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| Institution: | Singapore Management University |
| Language: | English |
| Summary: | A new functional form of the response probability for a qualitative response model is proposed. The new model is flexible enough to avoid the constraint of independence from irrelevant alternatives, which is perceived as a weakness of the multinomial logit model in some applications. It is computationally simpler than the multinomial probit model and is promising for analyzing problems with a moderate number of alternatives. |
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