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

Author(s): Stefan V. Stefanescu

Journal: Computational Methods in Social Sciences
ISSN 2344-1232

Volume: 1;
Issue: 1;
Start page: 56;
Date: 2013;
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Keywords: binary system | marginal distribution | Monte Carlo simulation | random variates | correlation coefficient

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.
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