Two Dynamic Discrete Choice Estimation Problems and Simulation Method Solutions

Steven Stern ()

Virginia Economics Online Papers from University of Virginia, Department of Economics

Abstract: This paper considers two problems that frequently arise in dynamic discrete choice problems but have not received much attention with regard to simulation methods. The first problem is how to simulate unbiased simulators of probabilities conditional on past history. The second is simulating a discrete transition probability model when the underlying dependent variable is really continuous. Both methods work well relative to reasonable alternatives in the application discussed. However, in both cases, for this application, simpler methods also provide reasonably good results.

Keywords: simulation; discrete choice methods (search for similar items in EconPapers)
JEL-codes: C15 C24 (search for similar items in EconPapers)
Pages: 9 pages
Date: 1994-11
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Citations: View citations in EconPapers (12)

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Journal Article: Two Dynamic Discrete Choice Estimation Problems and Simulation Method Solutions (1994)
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Persistent link: https://EconPapers.repec.org/RePEc:vir:virpap:389

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