Suppose You Are Interested in Estimating the Effect That Gasoline

question 17

Multiple Choice

Suppose you are interested in estimating the effect that gasoline prices have on the decision to ride a bike,take a bus,take a train,or drive your own car to work in this case,your preferred estimator would be

• A)OLS.
• B)a logit model.
• C)a multinomial logit model.
• D)a probit model.

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Definitions:

Sensation-Seeker

A person with a personality trait defined by the search for experiences and feelings that are varied, novel, complex, and intense.

Cliff Diving

An extreme sport involving jumping from high cliffs into water.

Wind Surfing

A water sport involving a surfboard attached to a sail, where the rider stands and uses the wind to propel and maneuver.

Hierarchy of Needs Theory

A motivational psychological theory proposed by Abraham Maslow, outlining a five-tier model of human needs, from basic physiological needs to self-actualization.