Abstract
These are those statistical models which specify the probability distribution of discrete dependent variables as a function of independent variables and unknown parameters. They are sometimes called qualitative response models, and are relevant in economics because the decision of an economic unit frequently involves discrete choice: for example, the decision regarding whether a person joins the labour force or not, the decision as to the number of cars to own, the choice of occupation, the choice of the mode of transportation, etc.
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Amemiya, T. (2018). Discrete Choice Models. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_86
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DOI: https://doi.org/10.1057/978-1-349-95189-5_86
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