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In this video, we develop intuition for the inclusive value term in nested logit models. Slides used in the video are here: https://raw.githack.com/tyleransom/structural-econ-guy/master/05-GEV/04-NestedAsDynamic.pdf Source code of the slides is here: https://github.com/tyleransom/structural-econ-guy/blob/master/05-GEV/04-NestedAsDynamic.tex ...
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