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Title: Bayesian Multinomial Logit: Theory and Route Choice Example
Accession Number: 01151502
Record Type: Component
Record URL: Availability: Transportation Research Board Business Office 500 Fifth Street, NW Find a library where document is available Abstract: Statisticians along with other scientists have made significant computational advances that enable the estimation of formerly complex statistical models. The Bayesian inference framework combined with Markov chain Monte Carlo estimation methods such as the Gibbs sampler enable the estimation of discrete choice models such as the multinomial logit (MNL) model. MNL models are frequently applied in transportation research to model choice outcomes such as mode, destination, or route choices or to model categorical outcomes such as crash outcomes. Recent developments allow for the modification of the potentially limiting assumptions of MNL such as the independence from irrelevant alternatives (IIA) property. However, relatively little transportation-related research has focused on Bayesian MNL models, the tractability of which is of great value to researchers and practitioners alike. This paper addresses MNL model specification issues in the Bayesian framework, such as the value of including prior information on parameters, allowing for nonlinear covariate effects, and extensions to random parameter models, so changing the usual limiting IIA assumption. This paper also provides an example that demonstrates, using route-choice data, the considerable potential of the Bayesian MNL approach with many transportation applications. This paper then concludes with a discussion of the pros and cons of this Bayesian approach and identifies when its application is worthwhile.
Monograph Title: Monograph Accession #: 01147883
Report/Paper Numbers: 09-3389
Language: English
Authors: Washington, SimonCongdon, PeterKarlaftis, Matthew GMannering, Fred LPagination: pp 28-36
Publication Date: 2009
ISBN: 9780309142656
Media Type: Print
Features: References
(50)
; Tables
(5)
TRT Terms: Uncontrolled Terms: Subject Areas: Data and Information Technology; Highways; Planning and Forecasting; I72: Traffic and Transport Planning
Files: TRIS, TRB, ATRI
Created Date: Mar 3 2010 2:24PM
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