Gallardo, Rosa Karina; Chang, Jae Bong - Agricultural and Applied Economics Association - AAEA - 2010
For over the last thirty years the multinomial logit model has been the standard in choice modeling. Development in … realistically choice behavior. This study compares three discrete choice models, the standard multinomial logit, the error … found that the multinomial logit model outperformed in at least one of three evaluations in both datasets. Overall, findings …