A Monte Carlo Study of Tests for the Independence of Irrelevant Alternatives Property
MetadataShow full item record
A plethora of tests for the Independence of Irrelevant Alternatives (HA) property of Logit models of discrete choice behavior has been proposed in the literature. These tests are based upon asymptotic arguments and little is known about their size and power properties in finite samples. This paper uses a Monte Carlo simulation study to investigate the size and power properties of six tests for IIA in the multinomial Logit model. Our results show that the majority of tests based upon partitioning the choice set appear to have very poor size and power properties in small samples. Tests for IIA based upon the DOGIT model, similarly have poor size properties, but in some circumstances do have reasonable power properties.
Showing items related by title, author, creator and subject.
Fry, T.R.L.; Harris, Mark (1998)In a recent article, Zhang and Hoffman discuss the use of discrete choice logit models in sociological research. In the present article, the authors estimate a multinomial logit model of U.K. Magistrates Courts sentencing ...
Evaluation of Specimen Size-Effect in Sedimentary Rocks and Grain Size Effect in Concrete Specimens on Uniaxial Compressive StrengthDarbor, M.; Faramarzi, L.; Sharifzadeh, Mostafa ; Rezaei, H. (2017)Summary: In rock engineering, the effect of scale on the strength and deformation properties of the rock mass is one of the most important issues. Prediction of uniaxial compressive strength in different diameters using ...
Li, Tiexin; Dief, Essam M.; Kalužná, Z.; Macgregor, M.; Foroutan-Nejad, C.; Darwish, Nadim (2022)Owing to its simplicity, selectivity, high yield, and the absence of byproducts, the "click"azide-alkyne reaction is widely used in many areas. The reaction is usually catalyzed by copper(I), which selectively produces ...