Status of identification, Game Theory

Assignment Help:

In econometric theory two possibie situations of identifiability can arise: Equation under,consideration is identified or not identified:

1) Equation is under-identified-

If the structure of the equation is not unique or there is not sufficient linformationtto uniquely disfinguish the equation then the equation is under- identified.

2) Equation is identified

(a) Exactly identified: If there is sufficient information available to distinguish the equation then it is called just identified or exactly identified equation

(b) Over identified: If there is more than sufficient information regarding the equation then th$ equation is called over-identified.


Related Discussions:- Status of identification

Principal agent, A class of games of imperfect data during which one player...

A class of games of imperfect data during which one player (the principal) tries to supply incentives to the opposite (the agent) to encourage the agent to act within the principal

Incentive, A payoff offerd as a bequest for someone partaking in some activ...

A payoff offerd as a bequest for someone partaking in some activity that doesn't directly provide her with profit. Often, such incentives are given to beat the ethical hazard drawb

Games with sequential moves, Games with Sequential Moves Most students ...

Games with Sequential Moves Most students find the idea of rollback very simple and natural, even without drawing or understanding trees. Of course, they start by being able to

Simultaneous game, A simultaneous game is one during which all players buil...

A simultaneous game is one during which all players build choices (or choose a strategy) while not information of the methods that are being chosen by different players. Although t

Game:claim a pile of dimes, GAME 1 Claim a Pile of Dimes Two players A...

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

Cournot, Nineteenth century French economist attributed with the introducti...

Nineteenth century French economist attributed with the introduction of the theory of profit maximizing producers. In his masterpiece, The Recherches, published in 1838, Cournot pr

Rollback , Rollback (often referred to as backward induction) is an iterati...

Rollback (often referred to as backward induction) is an iterative method for solving finite in depth kind or sequential games. First, one determines the optimal strategy of the pl

Deadlock , Description The simplest of William Poundstone's social dilem...

Description The simplest of William Poundstone's social dilemmas during which the every player contains a dominant strategy and also the equilibrium is Pareto optimal. the sole

Trigger strategy, A strategy sometimes applied to repeated prisoner's dilem...

A strategy sometimes applied to repeated prisoner's dilemmas during which a player begins by cooperating however defects to cheating for a predefined amount of your time as a respo

Minimum bid, A minimum bid is that the smallest acceptable bid in an auctio...

A minimum bid is that the smallest acceptable bid in an auction. a gap bid, the primary bid placed within the auction, should be a minimum of as high because the minimum bid or the

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd