Template-Type: ReDIF-Paper 1.0
Author-Name: Sándor, Z.
Author-Name-Last: Sándor
Author-Name-First: Zsolt
Author-Name: Train, K.
Author-Name-Last: Train
Author-Name-First: Kenneth
Title: Quasi-random simulation of discrete choice models
Abstract: We describe the properties of (t,m,s)-nets and Halton draws. Four types of (t,m,s)-nets, two types of Halton draws, and independent draws are compared in an application of maximum simulated likelihood estimation of a mixed logit model. All of the quasi-random procedures are found to perform far better than independent draws. The best performance is attained by one of the (t,m,s)-nets. The properties of the nets imply that two of them should outperform the other two, and our results confirm this expectation. The two more-accurate nets perform better than both types of Halton draws, while the two less-accurate nets perform worse than the Halton draws.
Creation-Date: 2004-12-20
File-URL: https://repub.eur.nl/pub/1829/ei200451.pdf
File-Format: application/pdf
Series: RePEc:ems:eureir
Number: EI 2004-51
Handle: RePEc:ems:eureir:1829