Suppose an empirical economist estimates underlying features of utility functions.Which type of empirical analysis would this researcher be most likely to be engaged in?

Question

Quizplus · Accepted Answer

Estimating underlying features of utility functions involves specifying and estimating a structural model, which is choice C. Time series analysis (choice A) is generally used to identify patterns or trends in data over time, while cross-sectional regression analysis (choice B) is used to examine relationships between variables at a specific point in time. A quasi-experiment (choice D) involves comparing outcomes between groups that were not randomly assigned, which is not typically relevant for estimating utility functions.

Suppose an Empirical Economist Estimates Underlying Features of Utility Functions