[Limdep Nlogit List] Ordered probit and marginal effects
Andreas Drichoutis
adrihout at aua.gr
Tue Apr 11 19:17:02 EST 2006
Dear all,
I'm estimating an ordered probit and were puzzled by the marginal effects.
The dependent variable takes values from 0 to 4. The marginal effects and
the corresponding t-ratios for the last category look something like this
(I've included the command line):
ORDERED ; LHS=LABUSES; RHS=ONE,WORKPHDM,INVOLV,
WORKWALK,PLANNER,STRAIN,EXER, NOSMOKE, SMSTOP ; MARGINAL ;KEEP=FIT $
These are the effects on Prob[Y=04] at means.
Constant .0000000000 ........(Fixed Parameter)........
WORKPHDM .1874593720E-01 .65198239E-02 2.875 .0040 1.2707692
INVOLV -.1441454829E-01 .50133698E-02 -2.875 .0040 3.6123077
WORKWALK -.8324789601E-02 .82463636E-02 -1.010 .3127 1.5292308
*PLANNER .7666590987E-01 .26456434E-01 2.898 .0038 .71076923
STRAIN .6918060216E-03 .12568039E-01 .055 .9561 .88615385
*EXER .8775940423E-01 .36526920E-01 2.403 .0163 .31076923
*NOSMOKE -.1098451110E-01 .46540021E-01 -.236 .8134 .41230769
*SMSTOP .4750989226E-03 .44843239E-01 .011 .9915 .16923077
The t-ratios are always the same (in absolute values) for the first two
variables. As a matter of fact the t-ratios will be the same for the first
two variables no matter what these variables are. I've tried to replace the
first two variables with other variables and the t-ratios will always be
identical for the first two. If I change the order of the independent
variables the estimated t-ratios change. Is there a bug here??
Regards,
Andreas Drichoutis
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