A Latent Class Model for Discrete Choice Analysis: Contrasts with Mixed Logit

Abstract

The multinomial logit model (MNL) has for many years provided the fundamental platform for the analysis of discrete choice. The basic model’s several shortcomings, most notably its inherent assumption of independence from irrelevant alternatives (IIA) have motivated researchers to develop a variety of alternative formulations. The mixed logit model stands… (More)

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Cite this paper

@inproceedings{Greene2002ALC, title={A Latent Class Model for Discrete Choice Analysis: Contrasts with Mixed Logit}, author={William H. Greene and David A. Hensher}, year={2002} }