A Model of Dynamic Choice with Correlated Initial Conditions

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Publisher :
ISBN 13 :
Total Pages : 276 pages
Book Rating : 4.:/5 (385 download)

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Book Synopsis A Model of Dynamic Choice with Correlated Initial Conditions by : Alexandru Mihail Degeratu

Download or read book A Model of Dynamic Choice with Correlated Initial Conditions written by Alexandru Mihail Degeratu and published by . This book was released on 1996 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Discrete Choice Methods with Simulation

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Publisher : Cambridge University Press
ISBN 13 : 0521766559
Total Pages : 399 pages
Book Rating : 4.5/5 (217 download)

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Book Synopsis Discrete Choice Methods with Simulation by : Kenneth Train

Download or read book Discrete Choice Methods with Simulation written by Kenneth Train and published by Cambridge University Press. This book was released on 2009-07-06 with total page 399 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

A Model of Dynamic Choice, Confidence, and Motor Response

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Publisher :
ISBN 13 :
Total Pages : 148 pages
Book Rating : 4.:/5 (773 download)

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Book Synopsis A Model of Dynamic Choice, Confidence, and Motor Response by : Kenneth C. Olson

Download or read book A Model of Dynamic Choice, Confidence, and Motor Response written by Kenneth C. Olson and published by . This book was released on 2011 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: In psychology research, mathematical models have developed to explain choices and response times. More recently, researchers have begun creating models to try explaining confidence as well (e.g., Vickers, 1979; Pleskac & Busemeyer, 2010; Ratcliff & Starns, 2009; Van Zandt, 2000). I join this effort by adapting the Linear Ballistic Accumulator model (Brown & Heathcote, 2008) to account for confidence by employing the relative balance-of-evidence hypothesis (Merkle & Van Zandt, 2006) in my Ballistic Accumulator for Confidence (BAC). The goal of this research is to account for multiple components of a decision task, including choice probabilities, confidence ratings, and response times. Often in a decision experiment, researchers count the time between stimulus appearance and the press of a button for a choice simply as response time, although many different mental activities occur during that time. Their primary focus is the decision process, but other processes include movement and movement programming. Through a within-subjects experiment designed to extract movement times from response times to obtain reaction times, I show that decision times and movement times are not independent in determining response times. In some conditions, movement times vary systematically and correlate with reaction times, while in other conditions, they do not. The dynamic choice models I review assume that all non-decision processes are independent of the decision process and simply add a constant non-decision component to decision time for estimating response time. I found that this assumption is incorrect and that models are impaired by failure to account for movement times. Aimed movement toward a target is explained by several models, the most famous of which are Fitts' Law (Fitts, 1954) and the optimized-submovement model (OSM) (Meyer et al., 1990). By evaluating a series of related dynamic confidence models, I show that the best model is one which incorporates the OSM. In the model, movement programming is assumed to be part of the decision task and depends on movement times, while movement times depend on the apparatus used for choices and confidence ratings.

Discrete Choice Methods with Simulation

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Publisher : Cambridge University Press
ISBN 13 : 9780521017152
Total Pages : 346 pages
Book Rating : 4.0/5 (171 download)

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Book Synopsis Discrete Choice Methods with Simulation by : Kenneth Train

Download or read book Discrete Choice Methods with Simulation written by Kenneth Train and published by Cambridge University Press. This book was released on 2003-01-13 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: Table of contents

Discrete Choice Methods with Simulation

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Publisher : Cambridge University Press
ISBN 13 : 1139480375
Total Pages : 399 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Discrete Choice Methods with Simulation by : Kenneth E. Train

Download or read book Discrete Choice Methods with Simulation written by Kenneth E. Train and published by Cambridge University Press. This book was released on 2009-06-30 with total page 399 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. Recent advances in Bayesian procedures are explored, including the use of the Metropolis-Hastings algorithm and its variant Gibbs sampling. This 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.

State Space Modelling of Dynamic Choice Behavior with Habit Persistence

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Publisher :
ISBN 13 :
Total Pages : 113 pages
Book Rating : 4.:/5 (118 download)

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Book Synopsis State Space Modelling of Dynamic Choice Behavior with Habit Persistence by : Kang Bok Lee (Professor of business analytics)

Download or read book State Space Modelling of Dynamic Choice Behavior with Habit Persistence written by Kang Bok Lee (Professor of business analytics) and published by . This book was released on 2014 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this dissertation, I present a new approach to capturing dependence across time in dynamic choice data. To achieve this, I develop a state space dynamic choice model and a novel algorithm to fit the data. Instead of capturing dependence in outcomes through lagged response variables, referred to as state dependence, I introduce a lagged utility term through the latent state equation. The lagged utility term captures habit persistence, which has not been explored directly in earlier models (Heckman, 1981b). The autoregressive nature of the lagged utility provides a significantly richer summary of prior utility than a lagged outcome variable. The fitting algorithm combines a non-linear particle filter with a standard Metropolis-Hastings step to compute Bayesian posterior estimates of the parameters. The model can capture habit persistence (inertia), variety seeking, serial correlation, and unobserved heterogeneity. Through simulation analysis, I demonstrate that while the proposed method is effective in estimating the parameters, both a large sample size and the number of simulated particles are critical. Misspecification in serial correlation in the random component of the utility function is shown to result in biased estimates for certain coefficients, although not the habit persistence term. This method avoids the initial conditions problem common with lagged variables (Wooldridge, 2010). From the perspective of a marketer, the value of the proposed model stems from its ability to distinguish the effects of habit, variety seeking, and heterogeneity. The algorithm is applied to case studies involving the sales of fast-moving consumer goods, as recorded in scanner data furnished by a major grocery store. The studies demonstrate the wide-ranging variation in purchasing habits and price sensitivity across customers; this variation highlights the value of the individual-level models applied in this study. Specifically, we find the existence of habitual purchasing behavior in utilitarian goods (e.g., cereal and soft drinks). However, in hedonic goods (e.g., beer), we find no evidence of habit persistence, which is in agreement with earlier studies.

Handbook of Choice Modelling

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Publisher : Edward Elgar Publishing
ISBN 13 : 1800375638
Total Pages : 797 pages
Book Rating : 4.8/5 (3 download)

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Book Synopsis Handbook of Choice Modelling by : Stephane Hess

Download or read book Handbook of Choice Modelling written by Stephane Hess and published by Edward Elgar Publishing. This book was released on 2024-06-05 with total page 797 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thoroughly revised second edition Handbook provides an authoritative and in-depth overview of choice modelling, covering essential topics range from data collection through model specification and estimation to analysis and use of results. It aptly emphasises the broad relevance of choice modelling when applied to a multitude of fields, including but not limited to transport, marketing, health and environmental economics.

Dynamic Models in Biology

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Publisher : Princeton University Press
ISBN 13 : 1400840961
Total Pages : 352 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Dynamic Models in Biology by : Stephen P. Ellner

Download or read book Dynamic Models in Biology written by Stephen P. Ellner and published by Princeton University Press. This book was released on 2011-09-19 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: From controlling disease outbreaks to predicting heart attacks, dynamic models are increasingly crucial for understanding biological processes. Many universities are starting undergraduate programs in computational biology to introduce students to this rapidly growing field. In Dynamic Models in Biology, the first text on dynamic models specifically written for undergraduate students in the biological sciences, ecologist Stephen Ellner and mathematician John Guckenheimer teach students how to understand, build, and use dynamic models in biology. Developed from a course taught by Ellner and Guckenheimer at Cornell University, the book is organized around biological applications, with mathematics and computing developed through case studies at the molecular, cellular, and population levels. The authors cover both simple analytic models--the sort usually found in mathematical biology texts--and the complex computational models now used by both biologists and mathematicians. Linked to a Web site with computer-lab materials and exercises, Dynamic Models in Biology is a major new introduction to dynamic models for students in the biological sciences, mathematics, and engineering.

Analysis of Panel Data

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Publisher : Cambridge University Press
ISBN 13 : 9780521522717
Total Pages : 388 pages
Book Rating : 4.5/5 (227 download)

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Book Synopsis Analysis of Panel Data by : Cheng Hsiao

Download or read book Analysis of Panel Data written by Cheng Hsiao and published by Cambridge University Press. This book was released on 2003-02-13 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reviews the basic econometric methods that have been used to analyze panel data - in other words, data collected by observing a number of individuals over time. Copyright © Libri GmbH. All rights reserved.

Urban Dynamics and Spatial Choice Behaviour

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Publisher : Springer Science & Business Media
ISBN 13 : 9400910096
Total Pages : 309 pages
Book Rating : 4.4/5 (9 download)

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Book Synopsis Urban Dynamics and Spatial Choice Behaviour by : J. Hauer

Download or read book Urban Dynamics and Spatial Choice Behaviour written by J. Hauer and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thi s book ari ses from The Fourth European Coll oqui urn on Theoret i ca 1 and Quant itat i ve Geography wh i ch was he 1 din Ve 1 dhoven, The Netherlands in September 1985. It contains a series of papers on spatial choice dynamics and dynamical spatial systems which were presented at the colloquium, together with a few other soll icited ones. The book is intended primarily as a state-of-the art review of mainly European research on these two fastly growing problem areas. As a consequence of this decision, the book contains a selection of papers that differs in terms of focus, level of sophistication and conceptual background. Evidently, the dissimination of ideas and computer software is a time-related phenomenon, which in the European context is amplified by differences in language, the profile of geography and the formal training of geographers. The book reflects such differences. It would have been impossible to produce this book without the support of the various European study groups on theoretical and quantitative geography. Without their help the meetings from which this volumes originates would not have been held in the first place. We are also indebted to the Royal Dutch Academy of Science for partly funding the colloquium, and to SISWO and TNOjPSC for providing general support in the organisation of the conference.

The Econometrics of Panel Data

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Publisher : Springer Science & Business Media
ISBN 13 : 3540758925
Total Pages : 966 pages
Book Rating : 4.5/5 (47 download)

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Book Synopsis The Econometrics of Panel Data by : Lászlo Mátyás

Download or read book The Econometrics of Panel Data written by Lászlo Mátyás and published by Springer Science & Business Media. This book was released on 2008-04-06 with total page 966 pages. Available in PDF, EPUB and Kindle. Book excerpt: This restructured, updated Third Edition provides a general overview of the econometrics of panel data, from both theoretical and applied viewpoints. Readers discover how econometric tools are used to study organizational and household behaviors as well as other macroeconomic phenomena such as economic growth. The book contains sixteen entirely new chapters; all other chapters have been revised to account for recent developments. With contributions from well known specialists in the field, this handbook is a standard reference for all those involved in the use of panel data in econometrics.

Dimensions of Automobile Demand

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Publisher : Elsevier
ISBN 13 : 1483291197
Total Pages : 296 pages
Book Rating : 4.4/5 (832 download)

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Book Synopsis Dimensions of Automobile Demand by : David A. Hensher

Download or read book Dimensions of Automobile Demand written by David A. Hensher and published by Elsevier. This book was released on 2013-10-22 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: This unique book is the first attempt to fully integrate automobile ownership (by fleet size and vehicle type) and vehicle use in an intertemporal setting which recognises the durable nature of automobiles using extensive longitudinal panel data on each household (over 5 years). The book presents: the theoretical and econometric development of a joint discrete-continuous choice longitudinal model system of household and automobile ownership and use, bringing together 9 years of research;the application of the model system for the period 1981-1985 in Australia;the forecasting of the model system up to 2020; particular emphasis on the development and application of a longitudinal data base which is unique to the topic - to capture the dynamic (intertemporal) impacts of technological change, life-style change, fuel prices etc. The book not only extends the reader's knowledge of the dimensions of automobile demand but it also adds important new ideas on handling dynamics of choice, as well as new empirical evidence on elasticities of demand for vehicles and vehicle kilometres. Energy and transport planning specialists will find the book essential reading.

Inequality, Redistribution and Mobility

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Publisher : Emerald Group Publishing
ISBN 13 : 1800430418
Total Pages : 183 pages
Book Rating : 4.8/5 (4 download)

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Book Synopsis Inequality, Redistribution and Mobility by : Juan Gabriel Rodríguez

Download or read book Inequality, Redistribution and Mobility written by Juan Gabriel Rodríguez and published by Emerald Group Publishing. This book was released on 2020-11-26 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research on Economic Inequality's 28th volume provides original research on how inequality is affected by redistribution, growth, mobility and educational opportunities. Additional papers discuss poverty, welfare and wage discrimination.

Institutional Theory in International Business

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Publisher : Emerald Group Publishing
ISBN 13 : 1780529082
Total Pages : 498 pages
Book Rating : 4.7/5 (85 download)

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Book Synopsis Institutional Theory in International Business by : Laszlo Tihanyi

Download or read book Institutional Theory in International Business written by Laszlo Tihanyi and published by Emerald Group Publishing. This book was released on 2012-06-04 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part of "Advances in International Management" series, this title presents contemporary research by leading and emerging scholars working on institutional theory. It also presents theoretical frameworks of institutions and proposes interesting ideas that provide the foundation for doctoral dissertations and research projects.

Econometric Analysis of Panel Data

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Publisher : Springer Nature
ISBN 13 : 3030539539
Total Pages : 436 pages
Book Rating : 4.0/5 (35 download)

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Book Synopsis Econometric Analysis of Panel Data by : Badi H. Baltagi

Download or read book Econometric Analysis of Panel Data written by Badi H. Baltagi and published by Springer Nature. This book was released on 2021-03-16 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook offers a comprehensive introduction to panel data econometrics, an area that has enjoyed considerable growth over the last two decades. Micro and Macro panels are becoming increasingly available, and methods for dealing with these types of data are in high demand among practitioners. Software programs have fostered this growth, including freely available programs in R and numerous user-written programs in both Stata and EViews. Written by one of the world’s leading researchers and authors in the field, Econometric Analysis of Panel Data has established itself as the leading textbook for graduate and postgraduate courses on panel data. It provides up-to-date coverage of basic panel data techniques, illustrated with real economic applications and datasets, which are available at the book’s website on springer.com. This new sixth edition has been fully revised and updated, and includes new material on dynamic panels, limited dependent variables and nonstationary panels, as well as spatial panel data. The author also provides empirical illustrations and examples using Stata and EViews. “This is a definitive book written by one of the architects of modern, panel data econometrics. It provides both a practical introduction to the subject matter, as well as a thorough discussion of the underlying statistical principles without taxing the reader too greatly." Professor Kajal Lahiri, State University of New York, Albany, USA. "This book is the most comprehensive work available on panel data. It is written by one of the leading contributors to the field, and is notable for its encyclopaedic coverage and its clarity of exposition. It is useful to theorists and to people doing applied work using panel data. It is valuable as a text for a course in panel data, as a supplementary text for more general courses in econometrics, and as a reference." Professor Peter Schmidt, Michigan State University, USA. “Panel data econometrics is in its ascendancy, combining the power of cross section averaging with all the subtleties of temporal and spatial dependence. Badi Baltagi provides a remarkable roadmap of this fascinating interface of econometric method, enticing the novitiate with technical gentleness, the expert with comprehensive coverage and the practitioner with many empirical applications.” Professor Peter C. B. Phillips, Cowles Foundation, Yale University, USA.

From the Big Bang to the Nucleosynthesis

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Publisher : IOS Press
ISBN 13 : 1607509741
Total Pages : 467 pages
Book Rating : 4.6/5 (75 download)

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Book Synopsis From the Big Bang to the Nucleosynthesis by : A. Bracco

Download or read book From the Big Bang to the Nucleosynthesis written by A. Bracco and published by IOS Press. This book was released on 2011 with total page 467 pages. Available in PDF, EPUB and Kindle. Book excerpt: Physicists have devoted much effort to reproducing the conditions of the primordial universe in laboratory conditions in their quest to work out a comprehensive theory of the appearance and evolution of nuclear matter. Whether it be trying to recreate the predicted primordial state of high-energy density matter in which quarks and gluons are effectively deconfined - the so-called Quark Gluon Plasma (QGP) - or exploring the structure and reaction properties of very unstable nuclei in experiments using radioactive beams, they have striven to understand the events which characterized the Big Bang and the various nucleosynthesis mechanisms which occur in the stars. This book contains the proceedings of the 2010 Enrico Fermi summer school held in Varenna, Italy, in July 2010, and devoted to the present understanding of the primordial universe and the origin of the elements, as achieved by studying nuclei and their constituents in extreme regimes of energy and composition. Subjects covered include: QGP formation; exotic nuclei, their degrees of freedom from the ground state and the properties of the excited states; the complex, but appealing theory describing the supernovae explosion and neutron stars; dark energy and matter; Big Bang nucleosynthesis and energy and solar neutrino production; nuclear cosmochronology; beta and gamma decay relevant for the nucleosynthesis of heavy nuclei. The annual Enrico Fermi summer school is internationally renowned and this book will be of great interest to all those involved in the field of nuclear physics.

Essays in Honor of M. Hashem Pesaran

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Publisher : Emerald Group Publishing
ISBN 13 : 1802620672
Total Pages : 320 pages
Book Rating : 4.8/5 (26 download)

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Book Synopsis Essays in Honor of M. Hashem Pesaran by : Alexander Chudik

Download or read book Essays in Honor of M. Hashem Pesaran written by Alexander Chudik and published by Emerald Group Publishing. This book was released on 2022-01-18 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The collection of chapters in Volume 43 Part B of Advances in Econometrics serves as a tribute to one of the most innovative, influential, and productive econometricians of his generation, Professor M. Hashem Pesaran.