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From | C Engelbrecht <cngelbrecht@gmail.com> |
To | statalist@hsphsun2.harvard.edu |
Subject | st: A question about binary outcomes |
Date | Tue, 28 Sep 2010 21:07:53 -0700 |
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 * * For searches and help try: * http://www.stata.com/help.cgi?search * http://www.stata.com/support/statalist/faq * http://www.ats.ucla.edu/stat/stata/