RT Generic
T1 Standard and Shuffled Halton sequences in a Mixed Logit Model
T3 https://marktlehre.uni-hohenheim.de/63351.html
A1 Staus,Alexander
WP 2008/12/16
AB Modeling consumer choice in different areas has lead to an increase use
of discrete choice models. Probit or Multinomial Logit Models are often
the base of further empirical research of consumer choice. In some of these
models the equations to solve have no closed-form expression. They include
multi-dimensional integrals which can not be solved analytically.
Simulation methods have been developed to approximate a solution for
these integrals. This paper describes the Standard Halton sequence and
a modification of it, the Shuffled Halton sequence. Both are simulation
methods which can reduce computational effort compared to a random
sequence. We compare the simulation methods in their coverage of the
multi-dimensional area and in their estimation results using data of consumer
choice on grocery store formats.
K1 Simulation
K1 halton sequence
PP Hohenheim
PB Kommunikations-, Informations- und Medienzentrum der Universität Hohenheim
UL http://opus.uni-hohenheim.de/volltexte/2008/324