A Proportional Random Utility Approach to Qualitative Response Models |
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| Authors: | Y. K. Tse |
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| Affiliation: | Department of Economics and Statistics , National University of Singapore , Kent Ridge , Singapore , 0511 |
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| Abstract: | 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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| Keywords: | Dogit Independence from irrelevant alternatives Multinomial logit Multinomial probit Response probability Strict utility |
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