6 articles
Mixed logit
Mixed logit, also called the mixed logit model, is a discrete choice model in which utility coefficients vary randomly over decision makers, relaxing the limits of standard logit.
Multinomial probit
Multinomial probit is a discrete-choice regression model estimating probabilities of choosing among unordered categories, with multivariate normal errors that relax the IIA restriction of multinomial logit.
Multivariate probit model
The multivariate probit model is a regression model for several correlated binary outcomes, introduced by Ashford and Sowden in 1970 and estimated by simulation or Bayesian methods.
Nested logit model
The nested logit model is a discrete choice model grouping alternatives into nests so unobserved utilities may correlate within a group, relaxing the multinomial logit's IIA assumption.
Ordered logit
Ordered logit, also known as the proportional odds model, is a statistical regression method for ordinal outcomes with ordered categories, formulated by Peter McCullagh in 1980.
Ordered probit model
The ordered probit model is a regression method for ordinal dependent variables, proposed by Aitchison and Silvey in 1957 and estimated by maximum likelihood, assuming normally distributed errors.