TERPRETING ROBABILITY MODELS ogit, Probit, and her Generalized inear Models “TIM FUTINGILIAO Quantitative Applications 'n ‘ie Social Sciences 101 SACE UNIVERSITY PAPER“Quantitative Applications / in the Social Sciences fmt ios Angle INTERPRETING PROBABILITY MODELS Logit, Probit, and Other Generalized Linear Models TIM FUTING LIAO University of inci, Urbana-Champaign SAGE PUBLICATIONS Internationa! Educational and Professional Publisher ‘Thousand Oaks Londen New Delhionsen 6198 Sage betes ne egal Mpa hi eka Seater atria am ay 2 Is ean mei aheing ecoregion ‘Sager sen te pron wi ew Be ache Sanaa ‘ett ents a rpg a he aye mel ee (HUG. F350 lei Prt asl Loa, Pl nd Oe Oar Seely pet Gace Aan (2) tan 7. 188g rbot: Lag rand ter gene ‘Ete tei Get ope so ee Noo ‘CONTENTS Series Réitors Introduction ¥ Acknowledgments 4. Turoducton 1 Why Probebiiy Models? 1 Why Iaterpetaton? 2 2. Generalized Linear Models and the Interpretation of Parameters 3 ‘Gonetlzed Lincar Models 3 Interpeeation of Parameter Esinates 6 3. Binary Logit and Probit Models 10 opt Models 11 Interpretation of Logit Models 12 Probit Models 21 Inzerpcctation of Probit Models 22 Logit or Probit Models? 24 4. Sequential Logit and Probit Models 25 The Model 25 Inzerpectation of Sequential Logit and Prebt Models 29 5. Ordinal Logit and Probit Models 37 "The Model 37 Iserpotaton of Osdnal Logit and robit Models 41 6. Multinomiat Logit Models 48 “The Model 48 Inverpcetation of Multinomisl Logk Models 50 7. Conditional Logit Modes 59 The Mode! 60 Incerpretation of Conditions! Logit Models 62