How Is the Average Marginal Effect Calculated for a Probit

question 12

Multiple Choice

How is the average marginal effect calculated for a probit or logit model?

• A)taking the marginal effect at the mean of the sample
• B)mean marginal effects are always .5 in a binary choice model
• C)calculate the marginal effects for each observation,then take the mean
• D)take the mean of the marginal effects at the 5^th and 95^th percentile

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Definitions:

Institute of Social Research

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Nazi Regime

The Nazi Regime refers to the totalitarian government led by Adolf Hitler in Germany from 1933 to 1945, which is known for initiating World War II and committing massive atrocities, including the Holocaust.

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An economist and political scientist known for his theories on economic development and capitalism, particularly the concept of "creative destruction."