Quasi-random simulation of discrete choice models

Sándor, Z. and Kenneth Train ()

No EI 2004-51 Revision_Date: 2009-07-29, Econometric Institute Report from Erasmus University Rotterdam, Econometric Institute

Abstract: We describe the properties of (t,m,s)-nets and Halton draws. Four types of (t,m,s)-nets, two types of Halton draws, and independent draws are compared in an application of maximum simulated likelihood estimation of a mixed logit model. All of the quasi-random procedures are found to perform far better than independent draws. The best performance is attained by one of the (t,m,s)-nets. The properties of the nets imply that two of them should outperform the other two, and our results confirm this expectation. The two more-accurate nets perform better than both types of Halton draws, while the two less-accurate nets perform worse than the Halton draws.

Date: 2004-12-20
View citations in EconPapers

Downloads: (external link)
http://hdl.handle.net/1765/1829 (application/pdf)

Related works:
Journal Article: Quasi-random simulation of discrete choice models (2004)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:dgr:eureir:1765001829

Access Statistics for this paper

More papers in Econometric Institute Report from Erasmus University Rotterdam, Econometric Institute
Series data maintained by Anneke Kop ().