Easy and flexible mixture distributions

We propose a method to generate flexible mixture distributions that are useful for estimating models such as the mixed logit model using simulation. The method is easy to implement, yet it can approximate essentially any mixture distribution. We test it with good results in a simulation study and on real data.

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Year of publication:	2013
Authors:	Fosgerau, Mogens ; Mabit, Stefan L.
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 120.2013, 2, p. 206-210
Publisher:	Elsevier
Subject:	Mixture distributions \| Mixed logit \| Simulation \| Maximum simulated likelihood

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Type of publication:	Article
Classification:	C14 - Semiparametric and Nonparametric Methods ; C15 - Statistical Simulation Methods; Monte Carlo Methods ; C25 - Discrete Regression and Qualitative Choice Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010678800