The conditional logit model is a multinomial logit model that permits the inclusion of choice-specific attributes. This article shows that the conditional logit model will maximize entropy given a set ...

We explain the theoretical and econometric underpinnings of mixed logit and demonstrate its empirical usefulness in the context of a specific but topical area of accounting research: financial ...

The multinomial logit model in the context of the Luce choice axiom implies that the logarithm of the ratio of choice probabilities (the log odds ratio) of two objects depends only on the attributes ...