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:

Alarm Reaction

describes the initial response of the body to stress, involving the activation of the sympathetic nervous system and release of stress hormones.

Low Blood Pressure

A condition where the blood pressure in the arteries is abnormally low, potentially leading to symptoms like dizziness or fainting.

External Locus

The belief that forces outside of oneself, such as luck or the actions of others, are responsible for one's life events rather than one's own efforts.

Locus of Control

A psychological concept referring to the degree to which individuals believe they have control over the events affecting their lives.