A HEVEA Example

Philip A. Viton

Abstract: We demonstrate some easy LaTeX-to-HTML conversion using Hevea

1   Introduction

Let an individual i have a choice set of size K, and let i's choices be discrete. The conditional indirect utility that i achieves if kÎ K is selected is
vik=Xikb +e ik
where Xik is an n-vector of attributes of choice k as perceived by indvidiual i, b is an n-element weighting vector, and e ik is a random variable. The individual chooses that alternative m whose conditional indirect utility is greatest (ie, maximizes utility). If the e ik are independent, identically distributed Type-1-Extreme-Value variates, then we have the alternative-m choice probability Pim given by
Pim = Pr [vim>vik,," k¹ m]
  =
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Ximb
 

 
å
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Xikb
 
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the logit model.


This document was translated from LATEX by HEVEA.