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2 DYNAMIC DISCRETE-CHOICE ESTIMATION PROBLEMS AND SIMULATION METHOD SOLUTIONS

delete1994-11-01
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Steven Stern *
DOI:10.2307/2109771delete
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Abstract

Abstract

En 中文
This paper considers two problems that frequently arise in dynamic discrete choice problems but have not received much attention with regard to simulation methods. The first problem is how to simulate unbiased simulators of probabilities conditional on past history. The second is simulating a discrete transition probability model when the underlying dependent variable is really continuous. Both methods work well relative to reasonable alternatives in the application discussed. However, in both cases, for this application, simpler methods also provide reasonably good results.
Keywords:
MODEL
INTEGRATION
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Journal

Review of Economics and Statistics cover
Review of Economics and Statistics
IF:
6.8
Papers:
3.6K
Citations:
2.1W

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