Pregibit: a family of discrete choice models

Chu-Ping C. Vijverberg; Wim P. Vijverberg

The pregibit discrete choice model is built on a distribution that allows symmetry or asymmetry and thick tails, thin tails or no tails. Thus the model is much richer than the traditional models that are typically used to study behavior that generates discrete choice outcomes. Pregibit nests logit, approximately nests probit, loglog, cloglog and gosset models, and yields a linear probability model that is solidly founded on the discrete choice framework that underlies logit and probit. -- discrete choice ; asymmetry ; logit ; probit ; post-secondary education ; mortgage application

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Year of publication:	2012
Authors:	Vijverberg, Chu-ping C. ; Vijverberg, Wim P. M.
Publisher:	Bonn : IZA
Subject:	Diskrete Entscheidung \| Discrete choice \| Logit-Modell \| Logit model \| Theorie \| Theory