SMU SOE Seminar Series (April 5, 2024): Multivariate Ordered Discrete Response Models

Please click here if you are unable to view this page.

ABSTRACT We introduce multivariate ordered discrete response models with general rectangular structures. From the perspective of behavioral economics, these non-lattice models correspond to broad bracketing in decision making, whereas lattice models, which researchers typically estimate in practice, correspond to narrow bracketing. In these models, we specify latent processes as a sum of an index of covariates and an unobserved error, with unobservables for different latent processes potentially correlated. We provide conditions that are sufficient for identification under the independence of errors and covariates and outline an estimation approach. We present simulations and empirical examples, with a particular focus on probit specifications. Keywords: Ordered response, non-lattice structure, binary decision tree, identification, semiparametric models, broad bracketing, narrow bracketing. JEL Codes: C14, C31, C35, D9. Click here to view the CV. Click here to view the paper.
		PRESENTER Tatiana Komarova University of Manchester
		RESEARCH FIELDS Econometric Theory Applied Econometrics
		DATE: 5 April 2024 (Friday)
		TIME: 10am - 11.30am
		VENUE: Meeting Room 5.1, Level 5 School of Economics Singapore Management University 90 Stamford Road Singapore 178903