Lecture

Panel data: dynamic model

Description

This lecture introduces the dynamic model for panel data analysis, focusing on capturing the influence of past choices on current decisions. The instructor explains the Markov assumption and how it affects the utility function, leading to a dynamic model that includes the previous choice as an explanatory variable.

In MOOCs (2)

Instructor

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Official source

https://mediaspace.epfl.ch/media/0_xiw6z0g3

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