Likert Scale Variables in Personal Finance Research: The Neutral Category Problem

Personal finance research often utilizes Likert-type items and Likert scales as dependent variables, frequently employing standard probit and ordered probit models. If inappropriately modeled, the “neutral” category of discrete dependent variables can bias estimates of the remaining categories. Thro...

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Bibliographic Details
Main Authors: Blain Pearson, Donald Lacombe, Nasima Khatun
Format: Article
Language:English
Published: MDPI AG 2024-11-01
Series:Econometrics
Subjects:
Online Access:https://www.mdpi.com/2225-1146/12/4/33
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