Logit and Probit: Ordered and Multinomial Models

This book discusses the estimation, simulation, and interpretation of models with multiple outcomes, when these outcomes are either ordered or unordered, against the backdrop of examples relating to socioeconomic inequality. The book includes exposition of the important distinction between odds-ratios and risk-ratios, logit versus probit (and, vice-versa) as well as a step-by-step explanation of the practical computing procedures that underpin the analysis.