On the first sentence: I don't think so. There has been an interesting
exchange of views in this thread, and differences of opinion probably
remain, but I detect no personal animus. Certainly my own email was
intended partly in jest and not to stir anything up.
-----Original Message-----
From: [email protected]
[mailto:[email protected]] On Behalf Of David Airey
Sent: 15 January 2008 15:14
To: [email protected]
Subject: Re: st: linear probability model (LPM)
.
I seem to have missed this thread, but this post suggests it was a
little heated or somebody is feeling a little punchy.
Quite a few pages at the UCLA ATS Stata site describe interpretation
of the logit/probit models in terms of predicted probabilities. That
seems to also be the basis for a package from that group (Mitchell) on
interpreting main effects and interactions in logit models (vibl),
through graphics of the predicted probabilities. So even when using
the logit models, thinking in terms of probabilities seems worthwhile,
and doesn't require a linear probability model (with constraints to
keep the predictions between 0 and 1). The Spost package and
literature is also available to help sensibly and intelligently
interpret logit and other categorical dependent variable outcome models.
-Dave
On Jan 15, 2008, at 9:00 AM, Nick Cox wrote:
> Well, Maarten is sensible, intelligent and a non-statistician...
> Perhaps if you a non-statistician you need to be very sensible
> and very intelligent to understand odds ratios...
>
> Nick
>
> Paul Seed
>
> My experience is that even the most
> sensible & intelligent & non-statistician
> is likely to be defeated by odds ratios.
> Time & again, I have known respected colleagues
> present them as though they are risk ratios,
> & they seem quite surprised when I point out the
> differences.
>
> ...
>
> Maarten buis
>
>> I disagree, both measures are perfectly understandable. With odds
>> ratios you are representing chance by at odds instead of probability.
>> Both are easy to understand: odds give you the expected number of
>> successes for every failure, while probability gives you the expected
>> proportion of successes. With odds ratios groups are compared by
>> calculating the ratio: e.g. the odds of success for men is 10% higher
>> than the odds of succes for women. With risk difference you are
>> comparing the groups by computing differences.
>
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