Corporate directors are influenced by overconfidence, which is one of the personality traits of individuals; it may take irrational decisions that will have a significant impact on the company's performance in the long run. The purpose of this paper is to validate and compare the Naive Bayesian Classification algorithm and probit regression in the prediction of Management's overconfident at pre...

An important theoretical problem for criminologists is an explanation for the robust positive correlation between prior and future criminal offending. Nagin and Paternoster (1991) have suggested that the correlation could be due to timestable population differences in the underlying proneness to commit crimes (population heterogeneity) andyor the criminogenic effect that crime has on social bon...

Logistic and probit regression models are commonly used in practice to analyze binary response data, but the maximum likelihood estimators of these models are not robust to outliers. This paper considers a robit regression model, which replaces the normal distribution in the probit regression model with a t-distribution with a known or unknown number of degrees of freedom. It is shown that (i) ...

This study explores the relationships between adoption and consideration of three travel-related strategy bundles (travel maintaining/increasing, travel reducing, and major location/lifestyle change), linking them to a variety of explanatory variables. The data for this study are the responses to a fourteen-page survey returned by nearly 1,300 commuting workers living in three distinct San Fran...

Escalating wildfires on forestlands in recent years have resulted in statutory changes in redefining the liability for landowners in using prescribed fires. This study summarized these reforms in recent years. While in some states there is still strict tort liability for damages from prescribed fires, eighteen states have reduced the liability burdens on landowners with simple negligence rules,...

This paper analyzes the e¤ect of dental insurance on utilization of general dentist services by adult US population aged from 25 to 64 years using the ordered probit model with endogenous selection (OPES). Our econometric framework accommdates endogeneity of insurance and the ordered nature of the measure of dental utilization. The study …nds strong evidence of endogeneity of dental insurance t...

Objective. This article reinvestigates the ‘‘catalytic’’ effects of IMF programs on investment controlling for the implementation of the program, allowing us to ascertain if capital markets respond to the mere announcement of a Fund program or its sustained positive implementation. Methods. Using a panel of data based on the experience of 106 developing countries entering Fund programs between ...

We examine bias corrections which have been proposed for the Fixed Effects Panel Probit model with exogenous regressors, using several different data generating processes to evaluate the performance of the estimators in different situations. We find a best estimator across all cases for coefficient estimates, but when the marginal effects are the quantity of interest no analytical correction is...

This article aims at identifying the macroeconomic indicators that account for the Argentine financial crisis. For this purpose, an early warning system (EWS) is built based on a probit model that incorporates six monthly variables spanning the time period between February 1991 and February 2000. The results indicate that the significant indicators are the consumer price index and the ratio of ...