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Frontiers in Econometrics

Author : Paul Zarembka
Publisher : New York : Academic Press
Page : 272 pages
File Size : 35,85 MB
Release : 1974
Category : Business & Economics
ISBN :

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Model selection; Linear models; Multiple-equation models.

Discrete Choice Methods with Simulation

Author : Kenneth Train
Publisher : Cambridge University Press
Page : 399 pages
File Size : 37,55 MB
Release : 2009-07-06
Category : Business & Economics
ISBN : 0521766559

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This book describes the new generation of discrete choice methods, focusing on the many advances that are made possible by simulation. Researchers use these statistical methods to examine the choices that consumers, households, firms, and other agents make. Each of the major models is covered: logit, generalized extreme value, or GEV (including nested and cross-nested logits), probit, and mixed logit, plus a variety of specifications that build on these basics. Simulation-assisted estimation procedures are investigated and compared, including maximum stimulated likelihood, method of simulated moments, and method of simulated scores. Procedures for drawing from densities are described, including variance reduction techniques such as anithetics and Halton draws. Recent advances in Bayesian procedures are explored, including the use of the Metropolis-Hastings algorithm and its variant Gibbs sampling. The second edition adds chapters on endogeneity and expectation-maximization (EM) algorithms. No other book incorporates all these fields, which have arisen in the past 25 years. The procedures are applicable in many fields, including energy, transportation, environmental studies, health, labor, and marketing.

Qualitative Choice Analysis

Author : Kenneth Train
Publisher : MIT Press
Page : 282 pages
File Size : 13,36 MB
Release : 1986
Category : Business & Economics
ISBN : 9780262200554

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This book addresses two significant research areas in an interdependent fashion. It is first of all a comprehensive but concise text that covers the recently developed and widely applicable methods of qualitative choice analysis, illustrating the general theory through simulation models of automobile demand and use. It is also a detailed study of automobile demand and use, presenting forecasts based on these powerful new techniques. The book develops the general principles that underlie qualitative choice models that are now being applied in numerous fields in addition to transportation, such as housing, labor, energy, communications, and criminology. The general form, derivation, and estimation of qualitative choice models are explained, and the major models - logit, probit, and GEV - are discussed in detail. And continuous/discrete models are introduced. In these, qualitative choice methods and standard regression techniques are combined to analyze situations that neither alone can accurately forecast. Summarizing previous research on auto demand, the book shows how qualitative choice methods can be used by applying them to specific auto-related decisions as the aggregate of individuals' choices. The simulation model that is constructed is a significant improvement over older models, and should prove more useful to agencies and organizations requiring accurate forecasting of auto demand and use for planning and policy development. The book concludes with an actual case study based on a model designed for the investigations of the California Energy Commission. Kenneth Train is Visiting Associate Professor in Economics at the University of California, Berkeley, and Director of Economic Research at Cambridge Systematics, Inc., also in Berkeley. Qualitative Choice Analysisis included in The MIT Press Transportation Studies Series, edited by Marvin L. Manheim.

Individual Choice Behavior

Author : R. Duncan Luce
Publisher : Courier Corporation
Page : 172 pages
File Size : 19,66 MB
Release : 2012-06-22
Category : Mathematics
ISBN : 0486153398

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This treatise presents a mathematical analysis of choice behavior. Starting with a general axiom, it then examines applications of the theory to substantive problems: psychophysics, utility, and learning. 1959 edition.

Decision Economics: Minds, Machines, and their Society

Author : Edgardo Bucciarelli
Publisher : Springer Nature
Page : 287 pages
File Size : 17,46 MB
Release : 2021-08-16
Category : Technology & Engineering
ISBN : 3030755835

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This book is the result of a multi-year research project led and sponsored by the University of Chieti-Pescara, National Chengchi University, University of Salamanca, and Osaka University. It is the fifth volume to emerge from that international project, held under the aegis of the United Nations Academic Impact in 2020. All the essays in this volume were (virtually) discussed at the University of L’Aquila―as the venue of the 2nd International Conference on Decision Economics, a three-day global gathering of approximately one hundred scholars and practitioners—and were subjected to thorough peer review by leading experts in the field. The essays reflect the extent, diversity, and richness of several research areas, both normative and descriptive, and are an invaluable resource for graduate-level and PhD students, academics, researchers, policymakers and other professionals, especially in the social and cognitive sciences. Given its interdisciplinary scope, the book subsequently delivers new approaches on how to contribute to the future of economics, providing alternative explanations for various socio-economic issues such as computable humanities; cognitive, behavioural, and experimental perspectives in economics; data analysis and machine learning as well as research areas at the intersection of computer science, artificial intelligence, mathematics, and statistics; agent-based modelling and the related. The editors are grateful to the scientific committee for its continuous support throughout the research project as well as to the many participants for their insightful comments and always probing questions. In any case, the collaboration involved in the project extends far beyond the group of authors published in this volume and is reflected in the quality of the essays published over the years.

Geography of Transportation

Author : Edward James Taaffe
Publisher : MORTON O'KELLY
Page : 434 pages
File Size : 42,91 MB
Release : 1996
Category : Architecture
ISBN : 0133685721

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This overview of transport geography explores both institutional and analytical approaches to both intra- and inter-urban transport and relates them throughout with contemporary examples. The work describes the historical development of US transportation.