Skip to main content

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

This event will take place online.

Many of our seminars and public events this year will continue as online seminars or as online and in person. Please check our website listings and Twitter feed @STICERD_LSE for updates.

Unless otherwise specified, current restrictions mean in-person seminars are only open to members of the LSE community (those with a valid LSE ID card).

Those unable to join the seminars in-person are welcome to participate via zoom.


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".


This event will take place online.