Biases in the Maximum Simulated Likelihood Estimation of the Mixed Logit Model

In a recent study, it was demonstrated that the maximum simulated likelihood (MSL) estimator produces significant biases when applied to the bivariate normal and bivariate Poisson-lognormal models. The study’s conclusion suggests that similar biases could be present in other models generated by corr...

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Bibliographic Details
Published in:Econometrics
Main Authors: Maksat Jumamyradov, Murat Munkin, William H. Greene, Benjamin M. Craig
Format: Article
Language:English
Published: MDPI AG 2024-03-01
Subjects:
maximum simulated likelihood
mixed logit
discrete choice models
Online Access:https://www.mdpi.com/2225-1146/12/2/8

Internet

https://www.mdpi.com/2225-1146/12/2/8

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