Discrete Choice Models
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چکیده
Discrete choice models are employed (as the name suggests) to explain a discrete choice that an individual makes. For example, such a choice might be whether or not to join the labor force, whether or not to buy a car, whether or not to continue on to graduate school, whether or not to accept a job with a consulting rm, or whether or not to sign up with an internet provider. Later in the course, we will investigate sample selection models. In this case, it will be crucial to explain why individuals are in the data sample. As an individual is either in or not in the sample, this situation is quite similar to the discrete choice models discussed below. A discrete choice model is formally given as:
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