Business, Management and Accounting
8 years ago

Unlocking the Secrets of Decision-Making: How Two-Part Models Shape Behavior

Cambridge University Press eBooks
Two-part and sample selection models
William H. Greene, David A. Hensher

Paper Summary

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Two-part models are used to understand decisions that involve two stages, like deciding to participate in an activity and how much to do. Sample selection models focus on whether data on an outcome will be observed, not just if the activity is done. The article discusses different types of these models.