Lecture 23 Introduction to Modern Survival Models

Abstract

Economic Motivation. This Section was inspired by a talk by Gregory Kordas in April, 2001 based on work of Kordas and Deltas. An interesting analogue to survival models arises in discrete demand analysis. Consider a commodity like MP3 music players for which consumers buy either one or zero units. The willingness to pay of consumer i, say wi, may be viewed… (More)

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