Simulation error in maximum likelihood estimation of discrete choice models
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DOI: 10.1016/j.jocm.2019.04.003
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- Mikołaj Czajkowski & Wiktor Budziński, 2017. "Simulation error in maximum likelihood estimation of discrete choice models," Working Papers 2017-18, Faculty of Economic Sciences, University of Warsaw.
References listed on IDEAS
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More about this item
Keywords
Discrete choice; Mixed logit; Simulated maximum log-likelihood function; Simulation error; Draws; Quasi Monte Carlo methods; MLHS; Halton; Sobol; Number of draws;All these keywords.
JEL classification:
- C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
- C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
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