Monday, April 11, 2016

MNL is an aggregate logit model assuming that consumer preference is homogeneous so that the part-worth coefficients in Eq. (2.3) are deterministic and the same across individuals. Mixed logit accounts for heterogeneity of consumer preferences 7Pr[ε < x] = exp[− exp(−x)] 21 treating part-worth coefficients as a distribution across individuals.

MNL is an aggregate logit model assuming that consumer preference is homogeneous so that the part-worth coefficients in Eq. (2.3) are deterministic and the same across individuals. Mixed logit accounts for heterogeneity of consumer preferences 7Pr[ε < x] = exp[− exp(−x)] 21 treating part-worth coefficients as a distribution across individuals.

https://deepblue.lib.umich.edu/bitstream/handle/2027.42/110471/nwkang_1.pdf?sequence=1&isAllowed=y

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