A Characterization of Logit with Menu Dependent Variance

This paper characterizes the logit model with menu dependent variance. The characterization follows from two conditions: independent log-odds and log-odds monotonicity. Independent log-odds says the change to log-odds across different menus is independent of the alternatives used to compare log-odds. Log-odds monotonicity requires a higher value alternative is not chosen less than a lower value alternative in different menus. We show how the logit model with menu dependent variance relates to the class of perturbed utility models

Year of publication:	2022
Authors:	Rehbeck, John
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Logit-Modell \| Logit model

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