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Simulating the binary variates for the components of a socio-economical system

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  • Stefan V. Stefanescu

    (Research Institute for Quality of Life, Romanian Academy)

Abstract

Often in practice the components Wj of a sociological or an economical system W take discrete 0-1 values. We talk about how to generate arbitrary observations from a binary 0-1 system B when is known the multidimensional distribution of the discrete random vector B. We also simulated a simplified structure of B given by the marginal distributions together with the matrix of the correlation coefficients. Different properties of the systems W are presented too.

Suggested Citation

  • Stefan V. Stefanescu, 2013. "Simulating the binary variates for the components of a socio-economical system," Computational Methods in Social Sciences (CMSS), "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences, vol. 1(1), pages 56-63, Ianuary.
    • Handle: RePEc:ntu:ntcmss:vol1-iss1-13-56
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