Halton Sequences for Mixed Logit

Kenneth Train ()

Econometrics from University Library of Munich, Germany

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.

JEL-codes: C15 C25 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2001-01-02
New Economics Papers: this item is included in nep-dcm and nep-ecm
Note: 19 pages Acrobat .pdf
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Citations: View citations in EconPapers (11)

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Related works:
Working Paper: Halton Sequences for Mixed Logit (2000)
Working Paper: Halton Sequences for Mixed Logit (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpem:0012002

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