Conditional Logit Analysis of Qualitative Choice Behavior.¶
McFadden, D. (1974). Conditional Logit Analysis of Qualitative Choice Behavior. Frontiers in Econometrics.
Cited by¶
3 citations across 3 artifacts.
Each citation links to the sentence it supports in the citing article.
Domain-specific¶
Mechanisms¶
- Conjoint or Discrete Choice Model
- The model is also vulnerable to the independence of irrelevant alternatives trap: a naïve logit predicts that adding a near-duplicate option steals share proportionally from everything, when in reality it mostly cannibalizes its twin.
This sourceDerives the conditional-logit IIA restriction and illustrates its unrealistic substitution through the red-bus/blue-bus near-duplicate example.
- The model is also vulnerable to the independence of irrelevant alternatives trap: a naïve logit predicts that adding a near-duplicate option steals share proportionally from everything, when in reality it mostly cannibalizes its twin.
- Conjoint or Tradeoff Survey
- Grounded in random utility theory,
This sourceGrounds conditional-logit choice analysis in random utility and links observed choices to latent preference parameters.
- Grounded in random utility theory,
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