A simulation evaluation of the maximum approximate composite marginal likelihood (MACML) estimator for mixed multinomial probit models
نویسندگان
چکیده
منابع مشابه
The Maximum Approximate Composite Marginal Likelihood (MACML) Estimation of Multinomial Probit-Based Unordered Response Choice Models
The likelihood functions of multinomial probit (MNP)-based choice models entail the evaluation of analytically-intractable integrals. As a result, such models are usually estimated using maximum simulated likelihood (MSL) techniques. Unfortunately, for many practical situations, the computational cost to ensure good asymptotic MSL estimator properties can be prohibitive and practically infeasib...
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ژورنال
عنوان ژورنال: Transportation Research Part B: Methodological
سال: 2011
ISSN: 0191-2615
DOI: 10.1016/j.trb.2011.04.006