Pregibit: A Family of Discrete Choice Models

Chu-Ping C. Vijverberg () and Wim Vijverberg
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Chu-Ping C. Vijverberg: Wichita State University

No 6359, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: The pregibit discrete choice model is built on a distribution that allows symmetry or asymmetry and thick tails, thin tails or no tails. Thus the model is much richer than the traditional models that are typically used to study behavior that generates discrete choice outcomes. Pregibit nests logit, approximately nests probit, loglog, cloglog and gosset models, and yields a linear probability model that is solidly founded on the discrete choice framework that underlies logit and probit.

Keywords: post-secondary education; probit; logit; asymmetry; discrete choice; mortgage application (search for similar items in EconPapers)
JEL-codes: C25 G21 I21 (search for similar items in EconPapers)
Pages: 45 pages
Date: 2012-02
New Economics Papers: this item is included in nep-dcm and nep-ecm
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Citations: View citations in EconPapers (4)

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