Differences Between Classical and Bayesian Estimates for Mixed Logit Models: A Replication Study
混合 Logit 模型中古典与贝叶斯估计的差异:复现研究
Summary The mixed logit model is widely used in applied econometrics. Researchers typically rely on the free choice between the classical and Bayesian estimation approach. However, empirical evidence of the similarity of their parameter estimates is sparse. The presumed similarity is mainly based on one empirical study that analyzes a single dataset (Huber J, Train KE. 2001. On the similarity of classical and Bayesian estimates of individual mean partworths. Marketing…