Modeling Interdependence: An Approach to Simulation

Considerable expertise exists for modeling the probabilistic nature of single random variables. Textbooks on simulation generally contain a wealth of techniques for generating random variables from a variety of univariate distributions. Techniques to estimate model parameters are well developed, and considerable progress has been made in developing methods for eliciting subjective distributions. Less progress has been made, however, in developing models of joint dependence among variables. Most of the joint distributions used in