منابع مشابه
Nonparametric vs parametric binary choice models: An empirical investigation
The estimation of conditional probability distribution functions (PDFs) in a kernel nonparametric framework has recently received attention. As emphasized by Hall, Racine & Li (2004), these conditional PDFs are extremely useful for a range of tasks including modelling and predicting consumer choice. The aim of this paper is threefold. First, we implement nonparametric kernel estimation of PDF w...
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The familiar logit and probit models provide convenient settings for many binary response applications, but a larger class of link functions may be occasionally desirable. Two parametric families of link functions are investigated: the Gosset link based on the Student t latent variable model with the degrees of freedom parameter controlling the tail behavior, and the Pregibon link based on the ...
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A Bayesian semi-parametric estimation of the binary response model using Markov Chain Monte Carlo algorithms is proposed. The performances of the parametric and semi-parametric models are presented. The mean squared errors, receiver operating characteristic curve, and the marginal effect are used as the model selection criteria. Simulated data and Monte Carlo experiments show that unless the bi...
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Most existing semi-parametric estimation procedures for binary choice models are based on the maximum score, maximum likelihood, or nonlinear least squares principles. These methods have two problems. They are difficult to compute and they may result in multiple local optima because they require optimizing nonlinear objective functions which may not be unimode. These problems are exacerbated wh...
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In this paper we discuss models for multiple binary sequences using de Finetti's notions of exchangeability and partial exchangeability as a cornerstone for model building. Thus, we assume each sequence to be a Markov chain conditional on some random transition matrix. This construction is seen as an extension of models based on Polya urns. We consider two particular problems in which the distr...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2005
ISSN: 1556-5068
DOI: 10.2139/ssrn.871084