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Discrete Choice Methods with Simulation

Name: Discrete Choice Methods with Simulation
Brand: Cambridge University Press
SKU: 04095214
Price: 167.41 EUR
Availability: InStock
Author: Kenneth Train
ISBN: 9780521766555

Kenneth Train

Language

English

Book Hardback

Libristo code: 04095214

Publishers Cambridge University Press, July 2009

This book describes the new generation of discrete choice methods, focusing on the many advances tha... Full description

Libristo code: 04095214

408 b

167.41 €

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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.