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likelhood
2003 Jul 15
0
Multinomial Logit with multiple groups
...#39; An*Zhn
n=1
where Zhn=Zhn(Xh,Yn) is the measured value of attribute n for horse h in
a race.
The '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 fo...