The estimation of multinomial probit models: A new calibration algorithm

The estimation of multinomial probit models: A new calibration algorithm

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Article ID: iaor1989963
Country: United States
Volume: 23
Issue: 4
Start Page Number: 253
End Page Number: 265
Publication Date: Nov 1989
Journal: Transportation Science
Authors:
Abstract:

This study proposes the estimation of Multinomial Probit models using Mendell-Elston’s approximation to the cumulative multivariate normal for the computation of choice probabilities. The accuracy of this numerical approximation in computing probabilities is compared with other procedures used in existing calibration programs. Finally, the proposed estimation procedure is tested on simulated choice data.

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