Mixed logit models: accuracy and softwar
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Jae Bong Chang; Jayson L. Lusk
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Article
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2010
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John Wiley and Sons
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English
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A couple of papers have compared ML estimates across simulated maximum likelihood and Bayesian estimation methods (e.g. see Huber and Train, 2001). All the software packages we compare in this paper rely on simulated maximum likelihood estimation.