THE 2013 LAWRENCE R. KLEIN LECTURE: BEHAVIORAL AND DESCRIPTIVE FORMS OF CHOICE MODELS.
Empirical work on choice models, especially on relatively new topics or data sets, often starts with descriptive, or what is colloquially referred to as 'reduced form,' results. Our descriptive form formalizes this process. It is derived from the underlying behavioral model, has an interpretation in...
| Publicado en: | International Economic Review Vol. 55; no. 3; pp. 603 - 625 |
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| Formato: | Artículo |
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Wiley-Blackwell
Aug2014
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=97241371&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 97241371 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00206598 IER jtl: International Economic Review issn: 00206598 maglogo: Y pubinfo: dt: Aug2014 vid: 55 iid: 3 pid: 480 pub: Wiley-Blackwell artinfo: ui: 97241371 10.1111/iere.12078 ppf: 603 ppct: 22 formats: tig: atl: THE 2013 LAWRENCE R. KLEIN LECTURE: BEHAVIORAL AND DESCRIPTIVE FORMS OF CHOICE MODELS. aug: au: Pakes, Ariel affil: Harvard University and NBER, U.S.A. su: Klein, Lawrence R. (Lawrence Robert), 1920-2013 Consumer preferences Empirical research Human behavior models Big data Endogeneity (Econometrics) sug: subj: Consumer preferences Empirical research Human behavior models Big data Endogeneity (Econometrics) Klein, Lawrence R. (Lawrence Robert), 1920-2013 ab: Empirical work on choice models, especially on relatively new topics or data sets, often starts with descriptive, or what is colloquially referred to as 'reduced form,' results. Our descriptive form formalizes this process. It is derived from the underlying behavioral model, has an interpretation in terms of fit, and can sometimes be used to quantify biases in agents' expectations. We consider estimators for the descriptive form of discrete choice models with interacting agents that take account of approximation errors as well as unobservable sources of endogeneity. We conclude with an investigation of descriptive forms for two-period entry models. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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