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deletes
2003 Jul 15
0
Multinomial Logit with multiple groups
...'A' values in the equation are the parameters of the stochastic
utility model that must be estimated from a sample
of races.
The likelihiood function can be written:
j
exp(L) = 'Product' Pjh*
j=1
where j denetes a race, h* is the horse observed to win race j, and L is
the log-likelihood function.
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In an ideal world I would hope for the R code to solve a toy problem using
the above method.
I can provide a jpg of the paper and a dataset if required.
But real...