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, in fact I think they are really onto something amazing here.
I am still trying to get the execution side of things from this package adequately sorted for my own purposes. Paul > Ajay Shah <[EMAIL PROTECTED]> wrote: > > 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/ajayshah > [EMAIL PROTECTED] > http://ajayshahblog.blogspot.com > <*(:-? - wizard who doesn't know the answer. > > ______________________________________________ > R-help@r-project.org mailing list > https://stat.ethz.ch/mailman/listinfo/r-help > PLEASE do read the posting guide > http://www.R-project.org/posting-guide.html > and provide commented, minimal, self-contained, reproducible code. ______________________________________________ R-help@r-project.org mailing list https://stat.ethz.ch/mailman/listinfo/r-help PLEASE do read the posting guide http://www.R-project.org/posting-guide.html and provide commented, minimal, self-contained, reproducible code.
