Ajay,
Bayesm deals with this very issue in choice modelling (a form of econometric
modelling as outlined in the article). I think those guys (the developers of
Bayesm) and the apprach they recommend for navigating the likelihood function
through a bayesian approachs makes a lot of sense to me,
Ajay Shah mayin.org> writes:
>
> I wondered was people on this list felt about this article:
> http://www.voxeu.org/index.php?q=node/2363
> which talks about the problems of obtaining sound answers in numerical
> optimisation in settings such as MLE or NLS.
It seems perfectly reasonable (it
I wondered was people on this list felt about this article:
http://www.voxeu.org/index.php?q=node/2363
which talks about the problems of obtaining sound answers in numerical
optimisation in settings such as MLE or NLS.
--
Ajay Shah http://www.mayin.org/ajays
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