• DocumentCode
    1904921
  • Title

    The Multinomial Logit Model with Last Choice Feedback

  • Author

    Li, Hua-Min ; Huang, Hai-Jun

  • Author_Institution
    Sch. of Econ. & Manage., Beijing Univ. of Aeronaut. & Astronaut., Beijing, China
  • Volume
    2
  • fYear
    2009
  • fDate
    10-11 Oct. 2009
  • Firstpage
    291
  • Lastpage
    294
  • Abstract
    This paper proposes a method to develop the multinomial logit (MNL) model for a sequence of choices behavior that incorporates the probability of last choice in the current representative utility.The function of last probability could be additionally used as the coefficients of some part of observed component,while other alternative-specific coefficients are assumed to be variable only with their initial coefficients which are derived from the MNL model.Without loss of simplicity and readily interpretation,the model reflects the impact of last choice on observed component via last probability.The experiment based on synthetic data shows the fact that a person is aware of a alternative is willing to choose the alternative in following periods.The probability approaches a constant, and the bigger the proportion of observed component that influenced by last probability is,the higher the final probability become.
  • Keywords
    probability; choices behavior sequence; final probability; last choice feedback; last probability; multinomial logit model; Aerodynamics; Automation; Conference management; Fasteners; Feedback; Mathematical model; Quality management; Space technology; Stochastic processes; Technology management; feedback; last probability; multinomial logit model;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Intelligent Computation Technology and Automation, 2009. ICICTA '09. Second International Conference on
  • Conference_Location
    Changsha, Hunan
  • Print_ISBN
    978-0-7695-3804-4
  • Type

    conf

  • DOI
    10.1109/ICICTA.2009.308
  • Filename
    5288018