Halton Sequences for Mixed Logit

Kenneth Train ()

Department of Economics, Working Paper Series from Department of Economics, Institute for Business and Economic Research, UC Berkeley

Abstract: The simulation variance in the estimation of mixed logit parameters is found, in our application, to be lower with 100 Halton draws than with 1000 random draws. This finding confirms Bhat's (1999a) results and implies significant reduction in run times for mixed logit estimation. Further investigation is needed to assure that the result is not quixotic or masking other issues.

Keywords: mixed logit; Halton (search for similar items in EconPapers)
Date: 2000-05-05
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Citations: View citations in EconPapers (101)

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