Discrete Choice Methods with Simulation Paperback - 2003
by Kenneth E. Train
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Details
- Title Discrete Choice Methods with Simulation
- Author Kenneth E. Train
- Binding Paperback
- Edition U. S. EDITION
- Condition Used - Good
- Pages 342
- Volumes 1
- Language ENG
- Publisher Cambridge University Press
- Publication date 2003
- Bookseller's Inventory # G0521017157I3N00
- 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
- Quantity available 3
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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
First line
When I wrote my first book, Qualitative Choice Analysis, in the mid-1980s, the field had reached a critical juncture.