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Discrete Choice Methods with Simulation Paperback - 2003

Name: Discrete Choice Methods with Simulation
Price: 11.55 USD
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Author: Kenneth E. Train
ISBN: 9780521017152

by Kenneth E. Train

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Summary

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.

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From the publisher

Focusing on the many advances that are made possible by simulation, this book describes the new generation of discrete choice methods. 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. The procedures are applicable in many fields, including energy, transportation, environmental studies, health, labor, and marketing.

First line

When I wrote my first book, Qualitative Choice Analysis, in the mid-1980s, the field had reached a critical juncture.

Details

Title Discrete Choice Methods with Simulation
Author Kenneth E. Train
Binding Paperback
Edition U. S. EDITION
Pages 342
Volumes 1
Language ENG
Publisher Cambridge University Press
Publication date January 13, 2003
ISBN 9780521017152 / 0521017157
Weight 1 lbs (0.45 kg)
Dimensions 9.26 x 6.02 x 0.72 in (23.52 x 15.29 x 1.83 cm)
Category Business / Economics / Finance
Library of Congress subjects Decision making - Simulation methods, Consumers' preferences - Simulation methods
Library of Congress Catalogue Number 2002071479
Dewey Decimal Code 003.56

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