MAXIMUM SIMULATED LIKELIHOOD: A BRIEF INTRODUCTION FOR PRACTITIONERS

This paper discusses the increasing importance of probability simulation methods in the context of Maximum Simulated Likelihood. Three probability simulators are analyzed following their chronological order of appearance. This analysis provides an intuitive approach to the basic idea behind probability simulation, the successive improvements and probable future developments. The paper pays special attention to the role of simulation noise in Maximum Simulated Likelihood.


Issue Date:
1999
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/12662
Total Pages:
17
Series Statement:
Staff Paper 421




 Record created 2017-04-01, last modified 2017-11-12

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