Transcription of Discrete Choice Methods with Simulation
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Discrete Choice Methods with Simulation
Discrete Choice Methods withSimulationKenneth TrainUniversity of California, BerkeleyNational Economic Research AssociatesVersion dated March 8, 2002 Publisher: Cambridge University PressScheduled publication date: Autumn contact me with any corrections, comments,and suggestions, at McFaddenandin memory ofKenneth Train, copy is made available for use by individuals for their personalresearch and study. Permission is not granted to use any part of thiswork for any other purpose whatsoever without the written consent ofCambridge University Motivation .. Choice Probabilities and Integration .. Topics not covered .. Acouplenotes .. 12I Behavioral Models132 Derivation of Choice probabilities .. Specificmodels .. Only differences in utility matter.
tween 1 and 5 on a Lickert-scale question; a worker chooses whether to continue working each year or retire. Denote the outcome of the deci-sion(s) in any given situation as y, where y indicates the chosen option or sequence of options. We assume for the purposes of this book that the outcome variable is discrete in that it takes a countable ...
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