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YouTubeThe Structural Econ Guy
Independence of Irrelevant Alternatives (IIA) in Multinomial Logit
This video explains the Independence of Irrelevant Alternatives (IIA) assumption in multinomial logit models—a property that makes the model computationally tractable but imposes unrealistic behavioral restrictions. Slides for this video are available at https://raw.githack.com/tyleransom/structural-econ-guy/master/04-Logit/06-IIA.pdf Source ...
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