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STICERD Work in Progress Seminars

Generalised Ordered Choice Models: Simulations and Empirical Example

Will Matchem (London School of Economics)

Friday 08 March 2019 13:00 - 14:00

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About this event

When dealing with multiple discrete variables, it is common to run separate ordered choice models, which imposes a particular structure on the latent variable space. In this paper we generalise this structure, which allows thresholds to depend upon all dependent variables considered. First, we state the econometric model and discuss identification and estimation. Then, we present simulations, including one on the estimation of static games. Finally, we discuss the application of the new method to two applied papers. The first paper is Malmendier and Nagel's study of the relationship between experienced stock returns and financial risk taking. The second is Besley and Persson's paper, "The Logic of Political Violence".

STICERD Work in Progress seminars are held on Fridays in term time at 13:00-14:00, ONLINE, unless specified otherwise.

Seminar organisers: Philip Barteska and Alix Bonargent

For further information please contact Lubala Chibwe, either by email: l.chibwe@lse.ac.uk.

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