Discrete Choice Methods with Simulation

Kenneth E. Train

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Language: English

Published by Cambridge University Press, GB, 2009

0521747384 / 9780521747387

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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.

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Title
Discrete Choice Methods with Simulation
Author
Kenneth E. Train
Publisher
Cambridge University Press, GB
Publication year
2009
Condition
New
Binding
Paperback
Language
English
ISBN 10
0521747384
ISBN 13
9780521747387
Edition
2nd Edition
Item weight
530 grams

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