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Staff Paper No. 421 - Abstract

Maximum Simulated Likelihood: A Brief Introduction for Practitioners

Carlos Arias
Thomas L. Cox [tlcox@wisc.edu]

Staff Paper No. 421, January 1999, 17p.

Abstract

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 simuation noise in Maximum Simulated Likelihood.
Last updated on Thu, Jun 2, 2005 11:02am