Year unknown•RePEc: Research Papers in EconomicsRequires access

Asymmetric, closed-form, finite-parameter models of multinomial choice

Timothy Brathwaite, Joan L. Walker

Open publisher page 38 citations

Abstract

Class imbalance, where there are great differences between the number of observations associated with particular discrete outcomes, is common within transportation and other fields. In the statistics literature, one explanation for class imbalance that has been hypothesized is an asymmetric (rather than the typically symmetric) choice probability function. Unfortunately, few relatively simple models exist for testing this hypothesis in transportation settings—settings that are inherently multinomial. Our paper fills this gap.

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What this paper is about

Class imbalance, where there are great differences between the number of observations associated with particular discrete outcomes, is common within transportation and other fields. In the statistics literature, one explanation for class imbalance that has been hypothesized is an asymmetric (rather than the typically symmetric) choice probability function. Unfortunately, few relatively simple models exist for testing this hypothesis in transportation settings—settings that are inherently multinomial. Our paper fills this gap.

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OpenAlex reports 38 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

Class imbalance, where there are great differences between the number of observations associated with particular discrete outcomes, is common within transportation and other fields. In the statistics literature, one explanation for class imbalance that has been hypothesized is an asymmetric (rather than the typically symmetric) choice probability function. Unfortunately, few relatively simple models exist for testing this hypothesis in transportation settings—settings that are inherently multinomial. Our paper fills this gap.

Key concepts: Multinomial logistic regression, Multinomial distribution, Discrete choice, Econometrics, Class (philosophy), Mixed logit, Outcome (game theory), Binary number

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