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generates discrete choice outcomes. Pregibit nests logit, approximately nests probit, loglog, cloglog and gosset models, and … yields a linear probability model that is solidly founded on the discrete choice framework that underlies logit and probit. …
Persistent link: https://www.econbiz.de/10010282457
turns out to include a logit formulation as a special case. In general, it has a rich set of implications both for exogenous …
Persistent link: https://www.econbiz.de/10010269842
parameter. We contrast this with a model that directly incorporates a logit discrete-choice approach into a AGE framework. On … logit approach is preferable. …
Persistent link: https://www.econbiz.de/10010297474
We model a boundedly rational agent who suffers from limited attention. The agent considers each feasible alternative with a given (unobservable) probability, the attention parameter, and then chooses the alternative that maximises a preference relation within the set of considered alternatives....
Persistent link: https://www.econbiz.de/10010289884
are from a logit or probit model. I describe a relatively simple method of performing a decomposition that uses estimates … from a logit or probit model. Expanding on the original application of the technique in Fairlie (1999), I provide a more …
Persistent link: https://www.econbiz.de/10010267328
are from a logit or probit model. I describe a relatively simple method of performing a decomposition that uses estimates … from a logit or probit model. Expanding on the original application of the technique in Fairlie (1999), I provide a more …
Persistent link: https://www.econbiz.de/10010369214
Soils are often subject to environmental shocks which are caused by negative extern- alities linked to overexploitation. We present a stochastic model of a dynamic agricultural economy where natural disasters are sizeable, multiple, and random. Expansion of agricultural activities raises...
Persistent link: https://www.econbiz.de/10011753296
Logit model and the signal approach are two analysis methods being commonly used to forecast and explain currency … crises. Logit model is successful to determine explaining variables of crisis and to calculate the probability of crisis in … model for currency crisis, using common set of findings of logit model and the signal approach to explain Turkish experience …
Persistent link: https://www.econbiz.de/10010320570
In a large family of solution concepts for boundedly rational players - allowing players to be imperfect optimizers, but requiring that better responses are chosen with probabilities at least as high as those of worse responses - most of Thompson's inessential transformations for the strategic...
Persistent link: https://www.econbiz.de/10010281206
treatment effect in nonlinear difference-in-differences models such as probit, logit or tobit, because the cross difference is …
Persistent link: https://www.econbiz.de/10010269263