Page 56 - tmp_Neat
P. 56

If    are assumed to be extreme value distributions, we have the standard multinomial logit

               model  (McFadden,  1981).  Let   ( ) be  the  probability  of  injury  severity  category  i  for

               observation n. Then


                             (         )
                 ( )    ∑    (         )                                                                (4.4)



               In  the  random  parameter  model,  to  let  parameter  (  ) vary  across  observations,  a  mixing

               distribution  is  introduced  in  this  model  (Train,  2003)  and  the  resulting  injury  severity

               probalities are given by:


                   ∫       [         ]   (  | )                                                         (4.5)



                       ∑    [           ]

                       (  | ) is  the  density  function  of  β  and   refers  to  a  vector  of  parameters  of  the

               density function (mean and variance) and other terms are as previously defined.


               Equation 4.5 showed the mixed logit model. In the mixed logit model estimation, β can now

               account for observation-specific variations of the effect of   on injury severity probabilities,

               with the density functions  (  | ) used to determine β.



               The  random  parameter  model  uses  a  weighted  average  for  different  values  of  β  across

               observations  where  some  elements  of  the  parameter  vector  β  may  be  fixed  and  some  are
               randomly distributed. If any parameters are found to be random, then the mixed logit weight

               is  determined  by  the  density  function.  For  the  functional  form  of  the  density  function,
               numerous distributions have been considered, such as normal, uniform and lognormal. In this

               study,  the  normal  distributions  were  used  as  a  density  function  in  the  mixed  logit  model.
               Mixed logit models are usually estimated using the simulation of maximum likelihood with

               Halton draws (Train 1999; Bhat 2003). Nevertheless, preliminary analysis in this study using

               the random parameter multinomial logit model found no statistically significant estimate of
               the variance for any of the coefficients of the explanatory variables considered.







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