In jhelvy/logitr: Logit Models w/Preference & WTP Space Utility Parameterizations
\begin{equation}
P_{jc} =
\frac{
\mathrm{exp}
\left[
\lambda\left(\betaVec' \xVec_{j} -
p_{j}\right)
\right]
}
{
\sum\limits_{k \in \mathcal{J}c}\mathrm{exp}
\left[
\lambda\left(\betaVec' \xVec{k} -
p_{k}\right)
\right]
},
\quad\quad
\forall c \in \left {1,2,3,\dots C \right }, \quad j \in \mathcal{J}_c,
\label{eq:WTPlogitProbability}
\end{equation}
jhelvy/logitr documentation built on Oct. 3, 2023, 2:33 p.m.
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\begin{equation} P_{jc} = \frac{ \mathrm{exp} \left[ \lambda\left(\betaVec' \xVec_{j} - p_{j}\right) \right] } { \sum\limits_{k \in \mathcal{J}c}\mathrm{exp} \left[ \lambda\left(\betaVec' \xVec{k} - p_{k}\right) \right] }, \quad\quad \forall c \in \left {1,2,3,\dots C \right }, \quad j \in \mathcal{J}_c, \label{eq:WTPlogitProbability} \end{equation}
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