Econometrics for Ph.D. students: 6 Multinomial choice and the multinomial logit model

This video is part of the course Econometrics 2 for Research Master students at Tilburg University.
This video contains an introduction to multinomial choice and a detailed discussion of the multinomial logit model. This includes a discussion of the IIA property, welfare analysis, and the Hausman-McFadden test.

[@AkhilKumar-cw1me]

Thanks for the lecture. Really helpful. Which book are you following?