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portada Discrete Choice Methods With Simulation
Type
Physical Book
Author
Publisher
Year
2009
Language
English
Pages
398
Format
Paperback
Dimensions
22.9 x 15.2 x 2.3 cm
Weight
0.54 kg.
ISBN
0521747384
ISBN13
9780521747387
Edition No.
0002
Categories

Discrete Choice Methods With Simulation

Kenneth E. Train (Author) · Cambridge University Press · Paperback

Discrete Choice Methods With Simulation - Train, Kenneth E.

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Synopsis "Discrete Choice Methods With Simulation "

This book describes the new generation of discrete choice methods, focusing on the many advances that are made possible by simulation. Researchers use these statistical methods to examine the choices that consumers, households, firms, and other agents make. Each of the major models is covered: logit, generalized extreme value, or GEV (including nested and cross-nested logits), probit, and mixed logit, plus a variety of specifications that build on these basics. Simulation-assisted estimation procedures are investigated and compared, including maximum stimulated likelihood, method of simulated moments, and method of simulated scores. Procedures for drawing from densities are described, including variance reduction techniques such as anithetics and Halton draws. Recent advances in Bayesian procedures are explored, including the use of the Metropolis-Hastings algorithm and its variant Gibbs sampling. The second edition adds chapters on endogeneity and expectation-maximization (EM) algorithms. No other book incorporates all these fields, which have arisen in the past 25 years. The procedures are applicable in many fields, including energy, transportation, environmental studies, health, labor, and marketing.

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