Advanced search
Publication Cover
Journal of Business & Economic Statistics Volume 6, 1988 - Issue 3
Submit an article Journal homepage
93
Views
9
CrossRef citations to date
0
Altmetric
Original Articles

A Heterogeneous Conditional Logit Model of Choice

Joel H. Steckel Graduate School of Business, Columbia University, New York, NY, 10027
&
Wilfried R. Vanhonacker Graduate School of Business, Columbia University, New York, NY, 10027
Pages 391-398 | Published online: 02 Jul 2012
 
Sample our Economics, Finance,Business & Industry journals, sign in here to start your access, latest two full volumes FREE to you for 14 days

Abstract

Aggregate forecasts using McFadden's conditional logit model of discrete choice harbor the unrealistic implicit assumption of a random-utility distribution that is homogeneous across both alternatives and individuals. This article relaxes that assumption. A choice model is developed that describes the random-utility component as a probability-mixture model. Some numerical results illustrate that the derived model is not constrained by the independence-of-irrelevant-alternatives property. An experimental test of visual perceptions demonstrates the potential superiority of the model.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Related Research Data

THE GOODS/LEISURE TRADEOFF AND DISAGGREGATE WORK TRIP MODE CHOICE MODELS
Source: Elsevier BV
On Stochastic Models of Traffic Assignment
Source: Institute for Operations Research and the Management Sciences (INFORMS)
BIVARIATE PROBIT, LOGIT, AND BURRIT ANALYSIS
Source: Defense Technical Information Center
Logistic Order Statistics
Source: The Institute of Mathematical Statistics
ON THE PROBABILISTIC ORIGIN OF DIAL'S MULTIPATH TRAFFIC ASSIGNMENT MODEL
Source: Elsevier BV
Design and Analysis of Simulated Consumer Choice or Allocation Experiments: An Approach Based on Aggregate Data:
Source: JSTOR
Elimination by aspects: A theory of choice.
Source: American Psychological Association (APA)
Social psychology.
Source: Prentice-Hall, Inc
A Multinomial Logit Model for the Spatial Distribution of Hospital Utilization
Source: JSTOR
The Choice Axiom after Twenty Years
Source: Elsevier BV
Predictive Testing of Consumer Choice Models Not Subject to Independence of Irrelevant Alternatives
Source: SAGE Publications
A CONDITIONAL PROBIT MODEL FOR QUALITATIVE CHOICE: DISCRETE DECISIONS RECOGNIZING INTERDEPENDENCE AND HETEROGENEOUS PREFERENCES'
Source: JSTOR
THE LOGISTIC DISTRIBUTION
Source: Wiley
A random utility model under preference heterogeneity and choice correlation from rank‐orderings
Source: Emerald
A Comparison of the Predictive Validity of Procedures for Analyzing Binary Data
Source: Informa UK Limited
Conjoint Analysis in Consumer Research: Issues and Outlook
Source: Oxford University Press (OUP)
Bivariate Logistic Distributions
Source: Informa UK Limited
Probabilities of choices among very similar objects: an experiment to decide between two models.
Source: Wiley

Linking provided by 

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.