The estimation algorithm and a discussion about identification are presented in Section 4. The results and managerial implications are described in Section 5,
and lt are discretized for the estimation algorithm. 10 Finally, we assume that"ijt are unobserved shocks that are independently
%to reflect the availability to players of more advanced abilities that make old content easy. 4 Estimation 4. 1 Identification Before we describe the estimation algorithm,
when making the decision to join the group. 4. 2 Estimation Algorithm The structure of the consumer choice process within one time period involves making two consecutive decisions:
We employ the iterative Expectation-Maximization (EM) algorithm procedure (Arcidiacono and Jones, 2003; Chung et al.
We combine the EM algorithm with the use of the constrained optimization approach (Su and Judd, 2012;
Here, instead of using the nested fixed point algorithm (NFXP) on the Bellman equation to solve for the value function,
and use linear approximation of the value function in the objective function. 27 The estimation algorithm proceeds as follows:
Arcidiacono, P. and J. B. Jones (2003), Finite Mixture Distributions, Sequential Likelihood and the EM Algorithm, Econometrica, Econometric Society, Vol. 71 (3), pp
The large-scale research programmes in data mining funded by the Defence Advanced Research Projects Agency (DARPA) at Stanford and a few other universities provided the context for the development of the Google search algorithm that soon became the basis
different performance indicators and different‘algorithms'to arrive at judgments. The qualifications frameworks currently being developed in the Bologna process
algorithms for global evaluation are the most common methods used to identify opinion leaders online,
and processing large volume of data streams in real time Stream synopsis algorithms and software Histograms and sketches for data stream computation problems (see 37 for a survey) a According to 42 Hyperscale storage is measured a storage space in terms of petabytes,
Using powerful machine learning algorithms, it provides extremely accurate profiling and segmentation of consumers based on habits and spending preferences.
and adoption of many other solutions based on the same core algorithms. 10.4 Billguard Billguard 5 is a personal finance security system scanning credit card activity daily for hidden
Young Global Leader Building a database and evaluating data with a clearly defined process Google Ventures uses algorithms with data from academic literature or from due diligences.
In this data commons, the data were processed by advanced computer algorithms (e g.,, sophisticated sampling and the use of aggregated indicators)
The use of both advanced computer algorithms and contract law to specify and audit how personal data may be used
bolstering trust for commercial exchanges on the Internet. 17 A startup firm has developed a no-cost platform for users that helps travelers predict flight delays using an algorithm that scours data on every domestic flight for the past 10 years and matches
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