Implications of the identification state of a model, Game Theory

Identification is closely related to the estimation of the model.

If an equation is identified, its coefficient can, in general, be statistically estimated. In particular:

(a) If the equation is exactly identified, the appropriate method to be used for its estimation is the method of indirect least squares.

(b) If the equation is over-identified, indirect least squares cannot be applied, because it will not yield unique estimates of the structural parameters. There are various other methods which can be used in this case, for example two-stage least squares (2SLS), or maximum likelihood methods.

Posted Date: 4/4/2013 3:11:58 AM | Location : United States







Related Discussions:- Implications of the identification state of a model, Assignment Help, Ask Question on Implications of the identification state of a model, Get Answer, Expert's Help, Implications of the identification state of a model Discussions

Write discussion on Implications of the identification state of a model
Your posts are moderated
Related Questions
Assurance game Scenario "Assurance game" may be a generic name for the sport a lot of commonly called "Stag Hunt." The French thinker, Jean Jacques Rousseau, presented the subse

Find the pure-strategy Nash equilibrium Alice is on vacation in Wonderland and considers trying a special mushroom sold by the caterpillar. She cannot tell upfront if the mush

A type of sequential second worth auction, just like an English auction during which an auctioneer frequently raises the present worth. Participants should signal at each worth lev

saaaaaaasfffffffffffffffffffaaaczzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

The following is a payoff matrix for a non-cooperative simultaneous move game between 2 players. The payoffs are in the order (Player 1; Player 2): What is/are the Nash Equil

I have an assignment in which I have to invent a new international trade theory. For me, the absolute advantage of Adam Smith is really good, and I want to find a solution if a cou

Normal 0 false false false EN-US X-NONE X-NONE

An auction during which bidders simultaneously submit bids to the auctioneer while not information of the number bid by different participants. Usually, the very best bidder (or lo

Identification is closely related to the estimation of the model. If an equation is identified, its coefficient can, in general, be statistically estimated. In particula

GAME 1 Claim a Pile of Dimes Two players Aand B are chosen. The instructor places a dime on the table. Player A can say Stop or Pass. If Stop, then A gets the dime and the gam