In Order to Statistically Verify That an Instrument Satisfies the Exclusion

question 20

Multiple Choice

In order to statistically verify that an instrument satisfies the exclusion condition, we can:

• A) Run a regression of the instrument against the dependent variable of interest.
• B) Run a regression of the instrument against the independent variable of interest.
• C) There is no way to statistically satisfy the exclusion condition.
• D) Run an overidentification test.

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Definitions:

Self-Determination Theory

A psychological theory of human motivation focusing on the importance of autonomy, competence, and relatedness in fostering volitional actions.

Hierarchy of Needs

A theory proposed by Abraham Maslow outlining a five-tier model of human needs, from basic physiological needs to self-actualization, each level needing to be fulfilled before moving to the next.

Cognitive Needs

Mental requirements essential for the growth and development of an individual, such as knowledge, comprehension, and curiosity.

Overprotected

A situation where an individual is shielded excessively from potential risks or harms, possibly hindering their development or independence.