The following regression uses data on illegal downloading of music. A sample of 500 individuals were asked whether they had downloaded music illegally (theft). In addition, respondents also gave answers to the following; caught: a respondent's belief of her chances of getting caught if she attempted to act illegally (0-10, 10 being “great risk") penalty: a respondent's belief regarding how severe her penalty would be if she got caught (0-10, 10 being “great risk) gender: gender, where male is 1 and female is 0 Edu: years of formal education Income: Income of the respondent (£)
The following regression uses data on illegal downloading of music. A sample of 500 individuals were asked whether they had downloaded music illegally (theft). In addition, respondents also gave answers to the following; caught: a respondent's belief of her chances of getting caught if she attempted to act illegally (0-10, 10 being “great risk") penalty: a respondent's belief regarding how severe her penalty would be if she got caught (0-10, 10 being “great risk) gender: gender, where male is 1 and female is 0 Edu: years of formal education Income: Income of the respondent (£)
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
The estimated model was
Theft = β0 + β1caught + β2penalty + β3gender + β4Income + β5Edu
Provide an explanation of the expected signs of each of the coefficients, referring to relevant economic theory.
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