We examine three models for sample selection that are relevant for modeling credit scoring by commercial banks. A binary choice model is used to examine the decision of whether or not to extend credit. The selectivity aspect enters because such models are based on samples of individuals to whom credit has already been given. A regression model with sample selection is suggested for predicting e...

Documented Mississippi physician shortages' make evidence about factors shaping physicians' career choices especially important if Mississippi policymakers are to devise workable strategies to maximize the physician workforce. Work-life interactions influence physicians' choices about how they manage their careers and professional burnout is one documented cause of physicians' decisions to chan...

OBJECTIVE To explore the fourth year medical student's knowledge regarding anaesthesia as a specialty, their attitude towards anaesthesia as a career choice and the effect of clinical clerkship on these. METHODS This survey was conducted in the Department of Anaesthesia of a university medical centre in a developing country. One hundred and fifty year four medical students rotating in anaesth...

Our study, focused on classroom-based research at the introductory level and using the Phage Genomics course as the model, shows evidence that first-year students doing research learn the process of science as well as how scientists practice science. A preliminary but notable outcome of our work, which is based on a small sample, is the change in student interest in considering different career...

The increase of a new product’s sales is usually attributed to consumers becoming informed about the existence of the product. Advertising can accelerate this consumer awareness process. This paper evaluates this effect. I develop and estimate a structural model in which the consumer purchase decision is specified using a discrete choice model with variation in the choice set, according to the ...

Conventional wisdom suggests that urban revitalization can harm the poor, primarily by raising rents. It has also been argued that urban decline harms the poor by reducing job opportunities, the quality of local public services, and other neighborhood amenities. This seeming contradiction can be explained in a model incorporating moving costs and neighborhood quality change sufficiently large t...

This paper provides a different perspective on the firm-level empirical analysis of the relation between foreign ownership and capital demand adjustment in host countries. The author estimates a dynamic structural model of investment on a sample of 4672 Belgian firms observed between 2003 and 2010 that permits to distinguish the ‘ownership status’ of firms. He considers a dynamic discrete choic...

The main purpose of this study is to derive forest recreation demand in Jizerske Mountains Protected Landscape Area and to disentangle aesthetic factors that are responsible for changes in recreation utility of visitors. We estimate visitors’ preferences for alternative forest sites as a function of site characteristics using choice experiment technique. As forest scenic beauty may represent a ...

In a recent paper, Sapienza et al. (1) assessed correlations of salivary concentration of testosterone and two markers of prenatal exposure to testosterone with performance on a game assessing financial risk aversion and actual career choices. The authors concluded that “Gender differences in financial risk aversion and career choices are affected by testosterone,” “testosterone has both organi...

Beliefs about relative skill matter for risky decisions such as career choices, market entry, and financial investments. Yet in most laboratory experiments risk is exogenously given and beliefs about relative skill play no role. We use a laboratory experiment free of strategy confounds to isolate the impact of beliefs about relative skill on risky choices. We find that low (high) skill individu...