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Re: st: A question about binary outcomes


From   Austin Nichols <austinnichols@gmail.com>
To   statalist@hsphsun2.harvard.edu
Subject   Re: st: A question about binary outcomes
Date   Wed, 29 Sep 2010 00:44:23 -0400

C Engelbrecht <cngelbrecht@gmail.com>:
See help clogit
and help asclogit
for starters.

On Wed, Sep 29, 2010 at 12:07 AM, C Engelbrecht <cngelbrecht@gmail.com> wrote:
> I'm not sure if Probit / Logit is the appropriate model here, and I
> hope someone can give me some suggestions.
>
> Suppose we have a competitive auction process. A, B, C,... F all place
> bids in an auction hosted by Z. Z can only pick one. Now I want to
> study what drives that choice. Currently I am modeling it as a binary
> choice, i.e. for each bid (A, ..., F) the outcome is either winning or
> not winning. But this seems to disregard the fact that only one of
> them can be winning. Is this an unnecessary concern? If not, how would
> you suggest addressing it?
>
> Many thanks,
>
> Charlie
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