A key assumption of regression analysis (or structural equation modeling) is that the modeled independent variables are not endogenous. Yet, the problems of endogeneity are not well known to researchers working in many social sciences disciplines (e.g., management, applied psychology, sociology,...
Published 11/01/11
A key assumption of regression analysis (or structural equation modeling) is that the modeled independent variables are not endogenous. Yet, the problems of endogeneity are not well known to researchers working in many social sciences disciplines (e.g., management, applied psychology, sociology,...
Published 11/01/11
It is well known that endogeneity leads to inconsistent estimates. Unfortunately, many researchers working outside of economics are not aware of the problem of endogeneity and how to deal with it. Prof. John Antonakis shows how the two-stage least squares (2SLS) estimator recovers causal...
Published 11/01/11