Logit and Probit: Ordered and Multinomial ModelsThis 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