Explain Why Longitudinal Designs Can Help Researchers Make Causal Statements

question 9

Essay

Explain why longitudinal designs can help researchers make causal statements. If a researcher is hoping to make a causal statement, why would a researcher use a longitudinal design instead of an experimental design?

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Definitions:

Regret Aversion

A behavior in decision-making where individuals or entities tend to avoid actions that could potentially lead to regret in the future.

Sentiment-based Risk

The risk of making investment decisions based on market sentiment rather than fundamental analysis.

Noise Trader

An investor who makes buy and sell decisions without the use of fundamental data, contributing to market volatility.

Aversion to Ambiguity

Aversion to ambiguity refers to an individual's tendency to avoid choices or decisions when information is unclear or incomplete, reflecting a preference for certainty.