Discrete Choice Methods with Simulation (Paperback or Softback)

Train, Kenneth E.

ISBN 10: 0521747384 / ISBN 13: 9780521747387

Editore: Cambridge University Press 7/1/2009, 2009

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Discrete Choice Methods with Simulation 1.2. Codice articolo BBS-9780521747387

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Titolo: Discrete Choice Methods with Simulation (...

Casa editrice: Cambridge University Press 7/1/2009

Data di pubblicazione: 2009

Legatura: Paperback or Softback

Condizione: New

Edizione: seconda edizione

Tipologia articolo: Book

Descrizione articolo

Riassunto:

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. Recent advances in Bayesian procedures are explored, including the use of the Metropolis-Hastings algorithm and its variant Gibbs sampling. This 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.

Descrizione del libro:

This book describes the new generation of discrete choice methods, focusing on the many advances that are made possible by simulation. Each of the major models is covered including logit, generalized extreme value, or GEV, probit, and mixed logit, plus a variety of specifications that build on these basics.