Suppose you are interested in estimating individual and relationship characteristics that influences whether or not an individual engages in an extramarital affair. The following table summarizes the results for the OLS estimation of the LPM as well as the Probit and Logit estimates for the Binary Response Model. Standard errors are reported in parenthesis. VARIABLES =1 if male Years of education Age (in years) =1 if have kids Years married (1) LPM 0.0583 (0.0405) 0.0010 (0.0082) -0.0073 (0.0031) 0.0660 (0.0478) 0.0171 (0.0058) (2) Probit Coeff 0.1955 (0.1264) 0.0009 (0.0254) -0.0233 (0.0101) 0.2519 (0.1574) 0.0547 (0.0181) (3) Probit APE One more year of marriage increases the probability of an affair by 0.0171 One more year of marriage increases the probability of an affair by 0.0547 One more year of marriage increases the probability of an affair by 0.0168 One more year of marriage increases the probability of an affair by 0.0054 0.0601 (0.0388) 0.0003 (0.0078) -0.0071 (0.0031) 0.0748 (0.0449) 0.0168 (0.0054) (4) Logit Coeff 0.3246 (0.2172) 0.0020 (0.0432) -0.0392 (0.0173) 0.4354 (0.2792) 0.0911 (0.0307) (5) Logit APE 0.0589 (0.0393) 0.0004 (0.0078) -0.0071 (0.0031) 0.0752 (0.0457) 0.0165 (0.0054) (columns 2 and 4 report coefficient estimates, columns 3 and 5 report APE estimates). From this table, what is the probit estimate for the average estimated effect of one more year of marriage on the probability of having an affair?
Suppose you are interested in estimating individual and relationship characteristics that influences whether or not an individual engages in an extramarital affair. The following table summarizes the results for the OLS estimation of the LPM as well as the Probit and Logit estimates for the Binary Response Model. Standard errors are reported in parenthesis. VARIABLES =1 if male Years of education Age (in years) =1 if have kids Years married (1) LPM 0.0583 (0.0405) 0.0010 (0.0082) -0.0073 (0.0031) 0.0660 (0.0478) 0.0171 (0.0058) (2) Probit Coeff 0.1955 (0.1264) 0.0009 (0.0254) -0.0233 (0.0101) 0.2519 (0.1574) 0.0547 (0.0181) (3) Probit APE One more year of marriage increases the probability of an affair by 0.0171 One more year of marriage increases the probability of an affair by 0.0547 One more year of marriage increases the probability of an affair by 0.0168 One more year of marriage increases the probability of an affair by 0.0054 0.0601 (0.0388) 0.0003 (0.0078) -0.0071 (0.0031) 0.0748 (0.0449) 0.0168 (0.0054) (4) Logit Coeff 0.3246 (0.2172) 0.0020 (0.0432) -0.0392 (0.0173) 0.4354 (0.2792) 0.0911 (0.0307) (5) Logit APE 0.0589 (0.0393) 0.0004 (0.0078) -0.0071 (0.0031) 0.0752 (0.0457) 0.0165 (0.0054) (columns 2 and 4 report coefficient estimates, columns 3 and 5 report APE estimates). From this table, what is the probit estimate for the average estimated effect of one more year of marriage on the probability of having an affair?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Transcribed Image Text:Suppose you are interested in estimating individual and relationship characteristics that influences whether or not an individual engages in an
extramarital affair. The following table summarizes the results for the OLS estimation of the LPM as well as the Probit and Logit estimates for
the Binary Response Model. Standard errors are reported in parenthesis.
VARIABLES
=1 if male
Years of education
Age (in years)
=1 if have kids
Years married
(1)
LPM
0.0583
(0.0405)
0.0010
(0.0082)
-0.0073
(0.0031)
0.0660
(0.0478)
0.0171
(0.0058)
(2)
Probit
Coeff
0.1955
(0.1264)
0.0009
(0.0254)
-0.0233
(0.0101)
0.2519
(0.1574)
0.0547
(0.0181)
(3)
Probit
APE
O One more year of marriage increases the probability of an affair by 0.0171
One more year of marriage increases the probability of an affair by 0.0547
One more year of marriage increases the probability of an affair by 0.0168
One more year of marriage increases the probability of an affair by 0.0054
0.0601
(0.0388)
0.0003
(0.0078)
-0.0071
(0.0031)
0.0748
(0.0449)
0.0168
(0.0054)
(4)
Logit
Coeff
0.3246
(0.2172)
0.0020
(0.0432)
-0.0392
(0.0173)
0.4354
(0.2792)
0.0911
(0.0307)
(5)
Logit
APE
0.0589
(0.0393)
0.0004
(0.0078)
-0.0071
(0.0031)
0.0752
(0.0457)
0.0165
(0.0054)
(columns 2 and 4 report coefficient estimates, columns 3 and 5 report APE estimates).
From this table, what is the probit estimate for the average estimated effect of one more year of marriage on the probability of having an
affair?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman