When Using Rank-Ordered Data,the Regression Model That Will Be Used

question 45

Multiple Choice

When using rank-ordered data,the regression model that will be used is the

• A) multinomial logit regression model
• B) discrete choice model
• C) exploded logit regression model
• D) ordered probit model

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Definitions:

Representativeness Heuristic

The representativeness heuristic is a cognitive bias where people judge the probability of an event or the likelihood of an object belonging to a category by how much it resembles a typical case.

Heuristics

Cognitive shortcuts or rules of thumb that simplify decision making, often used unconsciously.

Effortful Thinking

The cognitive processing that requires a deliberate, conscious effort to solve complex problems or to gain new insights.

Representativeness Heuristic

A cognitive shortcut that involves judging the probability of an event by its similarity to a prototype or example.