Misclassification in binary choice models
二元选择模型中的误分类
Bias from misclassification of binary dependent variables can be pronounced. We examine what can be learned from such contaminated data. First, we derive the asymptotic bias in parametric models allowing misclassification to be correlated with observables and unobservables. Simulations and validation data show that the bias formulas are accurate in finite samples and in most situations imply attenuation. Second, we examine the bias in a prototypical application. Erroneously…