Tag

Discrete Choice

2 cards

Economics (general)RCT
Effective Wage Differential Bundle Mechanism
The logit intercept divided by the slope directly identifies the marginal value of time, proving that effective wage variation cleanly isolates willingness to supply incremental work hours without income effects.
Economics (general)RCT
Inattention Mixture Model Correction
Inattention affects choice variance without biasing central tendencies; the inattention-corrected flow value parameter ($\tilde{z} = 0.58, s.e. = 0.04$) matches the standard logit baseline ($\tilde{z} = 0.58, s.e. = 0.04$) identically across all hour choices.