2004-05-01
Quasi-random simulation of discrete choice models
Publication
Publication
Transportation Research. Part B: Methodological , Volume 38 - Issue 4 p. 313- 327
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.
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doi.org/10.1016/S0191-2615(03)00014-6, hdl.handle.net/1765/57875 | |
Transportation Research. Part B: Methodological | |
Organisation | Tinbergen Institute |
Sándor, Z., & Train, K. (2004). Quasi-random simulation of discrete choice models. Transportation Research. Part B: Methodological, 38(4), 313–327. doi:10.1016/S0191-2615(03)00014-6 |