| Registro completo |
| Provedor de dados: |
31
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| País: |
United States
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| Título: |
Simplified Marginal Effects in Discrete Choice Models
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| Autores: |
Anderson, Soren T.
Newell, Richard G.
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| Data: |
2005-10-26
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| Ano: |
2003
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| Palavras-chave: |
Logit
Probit
Discrete choice
Binary choice
Marginal effect
Data normalization
Research Methods/ Statistical Methods
C25
C51
C81
|
| Resumo: |
We show that after a simple normalization of explanatory variables so that they equal zero at some desired reference point, marginal effects for continuous variables in probit and logit models simplify dramatically, becoming a function of only the estimated constant term. We present similar simplifications for computation of the asymptotic variance of marginal effects, as well as for the effects of dummy variables on predicted probabilities. We provide a simple table, which in combination with raw probit or logit estimates, is all one needs to compute the desired effects.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
18624
http://purl.umn.edu/10631
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| Editor: |
AgEcon Search
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| Relação: |
Resources for the Future>Discussion Papers
Discussion Paper 03-38
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| Formato: |
12
application/pdf
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