IDEAS home Printed from https://ideas.repec.org/a/inm/ortrsc/v23y1989i4p253-265.html
   My bibliography  Save this article

The Estimation of Multinomial Probit Models: A New Calibration Algorithm

Author

Listed:
  • Wagner A. Kamakura

    (Vanderbilt University, Nashville, Tennessee 37203)

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.

Suggested Citation

  • Wagner A. Kamakura, 1989. "The Estimation of Multinomial Probit Models: A New Calibration Algorithm," Transportation Science, INFORMS, vol. 23(4), pages 253-265, November.
    • Handle: RePEc:inm:ortrsc:v:23:y:1989:i:4:p:253-265
    DOI: 10.1287/trsc.23.4.253
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/trsc.23.4.253
    Download Restriction: no
    File URL: https://libkey.io/10.1287/trsc.23.4.253?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Haaijer, Marinus E., 1996. "Predictions in conjoint choice experiments : the x-factor probit model," Research Report 96B22, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    2. Kenetsu Uchida & Agachai Sumalee & David Watling & Richard Connors, 2007. "A Study on Network Design Problems for Multi-modal Networks by Probit-based Stochastic User Equilibrium," Networks and Spatial Economics, Springer, vol. 7(3), pages 213-240, September.
    3. Zou, Yiyuan & Zhang, Honghai & Zhong, Gang & Liu, Hao & Feng, Dikun, 2021. "Collision probability estimation for small unmanned aircraft systems," Reliability Engineering and System Safety, Elsevier, vol. 213(C).
    4. Sumalee, Agachai & Tan, Zhijia & Lam, William H.K., 2009. "Dynamic stochastic transit assignment with explicit seat allocation model," Transportation Research Part B: Methodological, Elsevier, vol. 43(8-9), pages 895-912, September.
    5. Martinetti, Davide & Geniaux, Ghislain, 2017. "Approximate likelihood estimation of spatial probit models," Regional Science and Urban Economics, Elsevier, vol. 64(C), pages 30-45.
    6. Rinus Haaijer & Michel Wedel & Marco Vriens & Tom Wansbeek, 1998. "Utility Covariances and Context Effects in Conjoint MNP Models," Marketing Science, INFORMS, vol. 17(3), pages 236-252.
    7. repec:dgr:rugsom:96b22 is not listed on IDEAS
    8. Bhat, Chandra R., 2018. "New matrix-based methods for the analytic evaluation of the multivariate cumulative normal distribution function," Transportation Research Part B: Methodological, Elsevier, vol. 109(C), pages 238-256.
    9. Batram, Manuel & Bauer, Dietmar, 2019. "On consistency of the MACML approach to discrete choice modelling," Journal of choice modelling, Elsevier, vol. 30(C), pages 1-16.
    10. Maher, M. J. & Hughes, P. C., 1997. "A probit-based stochastic user equilibrium assignment model," Transportation Research Part B: Methodological, Elsevier, vol. 31(4), pages 341-355, August.
    11. DeSarbo, Wayne S. & Kim, Youngchan & Wedel, Michel & Fong, Duncan K. H., 1998. "A Bayesian approach to the spatial representation of market structure from consumer choice data," European Journal of Operational Research, Elsevier, vol. 111(2), pages 285-305, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:ortrsc:v:23:y:1989:i:4:p:253-265. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.