Lecturer | Prof. Dr. Florian Stahl |
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Course Format | Lecture |
Credit Points | 6 ECTS |
Hours per Week | 4 |
Semester | Fall |
Language | English |
Registration | Please register for the course at the Center for Doctoral Studies in Business (CDSB) |
Accepted Participants | CDSB PhD Students, CDSE PhD Students, Mannheim Master in Business Research (MMBR) |
The goal of the course is to provide Ph.D. students an introduction in and overview of state-of-the-art discrete choice methods in business and marketing research. Researchers use these statistical methods to examine the choices that consumers, households, firms, and other agents make. Each of the major models is covered: logit, generalized extreme value (including nested and cross-nested logits), probit, and mixed logit, plus a variety of specifications that build on these basics. Simulation-assisted estimation procedures are investigated and compared, including maximum simulated likelihood, method of simulated moments, and method of simulated scores. The course will also cover procedures for endogeneity and expectation-maximization algorithms. Participants will study a variety of articles and case studies which demonstrate the application of such models to real business phenomena.
The lectures on “Advanced Business Econometrics” cover the following topics:
Lecturer | Prof. Dr. Florian Stahl |
Schedule | Please refer to the latest information on Portal2 and ILIAS |
Assessment | Homework, Written Exam |
The seminar will include practical exercises; participants should bring a laptop and should download and install R from http://www.r-project.org/ before the course.