TY - RPRT AU - Vijverberg, Chu-Ping C. AU - Vijverberg, Wim P. TI - Pregibit: A Family of Discrete Choice Models PY - 2012/Feb/ PB - Institute of Labor Economics (IZA) CY - Bonn T2 - IZA Discussion Paper IS - 6359 UR - https://www.iza.org/publications/dp6359 AB - The pregibit discrete choice model is built on a distribution that allows symmetry or asymmetry and thick tails, thin tails or no tails. Thus the model is much richer than the traditional models that are typically used to study behavior that generates discrete choice outcomes. Pregibit nests logit, approximately nests probit, loglog, cloglog and gosset models, and yields a linear probability model that is solidly founded on the discrete choice framework that underlies logit and probit. KW - post-secondary education KW - probit KW - logit KW - asymmetry KW - discrete choice KW - mortgage application ER -