[Limdep Nlogit List] Random Utility Model

[David Hensher]

The MNL model is formally derived within the setting of random utility maximisation. This is standard derivation - unobserved influences create RUM cf Deterministic UM.

As regards Mixed logit or random parameter logit, the randomness is associated with the distribution of the parameters across the sample to capture preference heterogeneity.  Random also relates to fact that there is no systematic source to guide location on the distribution of each sampled observation so results are population based and not to a specific individual.

See many sources such as Hensher, Rose and Greene Applied Choice analysis (Cambridge) 2005 and 2015.

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David A Hensher

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> On 11 Jun 2017, at 6:56 pm, Hiro Kame <kameyama.hiroshi at gmail.com> wrote:
> 
> Greeting,
> 
> Having looked at Prog. Greene's short course materials for multinomial
> model,
> where multinomial logit, nested logit, mixed logit model are explained as
> gradually expanded to mixed logit model.
> 
> I can not clearly explain the following question.
> Q1: Can we say, multinomial logit model based on random utility model?
> Q2: Other name of mixed logit model, random parameter logit model, what is
> randomized in the estimation process?
> 
> Thank you in advance.
> 
> ◆◇◆◇◆◇◆◇◆◇◆◇◆◇◆◇◆◇◆◇◆◇◆◇
> KAMEYAMA, Hiroshi
> Rural Management,  Faculty of Agriculture
> Kagawa University, Japan 761-0795
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