[Gretl-users] Re: Simulated maximum likelihood using Halton numbers

I understand that there is a consensus in the literature that Halton numbers is more efficient. As Bill Greene (2003) "Simulated Likelihood Estimation of the Normal-Gamma Stochastic Frontier Function" comments  "Numerical analysts have found that a small number of Halton draws is as effective as or more so than a large number of pseudorandom draws using a random number generator. (...) as much as 10 to 1". So, it would appear, using Halton sequences of length 100 "could be like" using RNG sequences of length 1000... That said, I read your message while I was writing the hansl script to use mrandgen()! There is always a gretl way. Alecos Papadopoulos PhD Affiliate Researcher Dpt of Economics, Athens University of Economics and Business Foundation for Economic and Industrial Research (IOBE) web: alecospapadopoulos.wordpress.com/ ORCID:0000-0003-2441-4550 On 30/10/2023 20:23, Cottrell, Allin wrote: