Appropriate Modelling of Limited Dependent Variables That Are Assigned Numerical

question 4

Multiple Choice

Appropriate modelling of limited dependent variables that are assigned numerical values having a natural ordering can be done using:
(I) Probit models
(II) Logit models
(III) Ordered probit models
(IV) Ordered logit models

• A) I only
• B) I and II only
• C) II and III only
• D) III and IV only

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Definitions:

Risky Shift

A phenomenon in group decision-making processes where groups tend to make riskier decisions than individuals.

Attitudes Components

Three major aspects of attitudes: cognitive (beliefs/thoughts), affective (feelings/emotions), and behavioral (actions/tendencies towards the attitude object).

Research Findings

The outcomes or results derived from systematic investigations or studies aimed at acquiring knowledge.

Foot-In-The-Door Technique

A persuasion strategy where a person is led to agree to a small request first, making them more likely to later agree to a larger request.