Asymmetric, closed-form, finite-parameter models of multinomial choice
Timothy Brathwaite, Joan L. Walker
Abstract
Timothy Brathwaite, Joan L. Walker
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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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