Easy and flexible mixture distributions

Research output: Contribution to journalJournal articleResearchpeer-review

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.

Original languageEnglish
JournalEconomics Letters
Volume120
Issue number2
Pages (from-to)206-210
Number of pages5
ISSN0165-1765
DOIs
Publication statusPublished - Aug 2013

    Research areas

  • Maximum simulated likelihood, Mixed logit, Mixture distributions, Simulation

ID: 181871703