[Limdep Nlogit List] best/worst in NLOGIT6

Michael Burton michael.burton at uwa.edu.au
Mon Jan 17 15:08:31 AEDT 2022

I am wondering how the ‘worst’ choices are dealt with in estimation.  Is the ‘reverse’ logit applied to the worst choices, so the error term is multiplied by -1 and the best and worst choice specification is strictly consistent, or is the more usual ‘stacked’ approach taken, where marginal utilities of the ‘worst’ are flipped, but not the error term?

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