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I highly doubt whether they're using the right econometric models. In table 2 and 3 they're using an OLS model although the dependent variable is binary ("choo
by schtono 16y ago
I highly doubt whether they're using the right econometric models.
In table 2 and 3 they're using an OLS model although the dependent variable is binary ("choosing and aggressive strategy 0/1"). A logit model seems much more appropriate here.
This does not give me much confidence in the results.