Logit and probit, the two most common techniques for estimation of models with a dichotomous dependent variable, impose the assumption that individuals with a probability of .5 of choosing either of ...

The Review of Economics and Statistics, Vol. 96, No. 5 (December 2014), pp. 916-935 (20 pages) We propose a random coefficients nested logit (RCNL) model to compare the tractable nested logit (NL) ...