This study investigates the factors that impact farmers'adoption of risk management strategies(RMS)in Pakistan during times of uncertainty.The study examines farmers'adoption of RMS using both multinomial prob...This study investigates the factors that impact farmers'adoption of risk management strategies(RMS)in Pakistan during times of uncertainty.The study examines farmers'adoption of RMS using both multinomial probit(MNP)and multivariate probit(MVP).Data were collected from 382 farmers sampled from four districts in KhyberPakhtunkhwa(KP)province of Pakistan via a multistage sampling technique.This study utilizes the MNP model,considering the assumption of Independence of Irrelevant Alternatives(IIA)and incorporating correlated error terms.The objective is to understand farmers'behavior in risky situations and determine if there is heterogeneity.Results are compared with the MVP model to assess robustness and gain deeper understanding of farmers'decisionmaking processes.The research findings reveal that our results are robust,and farmers behave homogeneously in various RMS scenarios.Farmers adopt RMS individually or in combination to mitigate the adverse effects of natural calamities on their livelihood.The risk-averse farmers,who perceive weather-related risks as a threat,access credits and information,and have farms close to a river are more likely to adopt RMS,irrespective of the format of the strategies available.Moreover,the predicted probabilities and correlation of the RMS and RM categories have strengthened our model estimation.These findings provide insights into the behavior of farmers in adopting RMS which are helpful for policymakers and stakeholders in developing strategies to mitigate the impacts of natural calamities on farmers.展开更多
Dichotomous choice elicitation technique of contingent valuation method is broadly used in the research fields of environmental resource and recreational activity management. The binary choice type of questions are ge...Dichotomous choice elicitation technique of contingent valuation method is broadly used in the research fields of environmental resource and recreational activity management. The binary choice type of questions are generally analyzed by using Logit or Probit probability distribution models in which a common analysis procedure is to apply MLE for estimating variable parameters before calculating the respondents’ willingness to pay. In this paper, a MCMC Gibbs sampling Probit model is adopted to maintain the three advantages it has in dealing with heteroscedasticity, high dimension numerical integral and sample size restriction problems. The results revealed that the MCMC model and MLE Probit model are strikingly consistent, which suggests that the former is much simple and reliable estimation method. At the same time, the empirically based existence value estimation of coastal beach quality improvement in Dalian, China is RMB?168 per person.展开更多
Purpose–This study aims to investigate the safety and liability of autonomous vehicles(AVs),and identify the contributing factors quantitatively so as to provide potential insights on safety and liability of AVs.Desi...Purpose–This study aims to investigate the safety and liability of autonomous vehicles(AVs),and identify the contributing factors quantitatively so as to provide potential insights on safety and liability of AVs.Design/methodology/approach–The actual crash data were obtained from California DMV and Sohu websites involved in collisions of AVs from 2015 to 2021 with 210 observations.The Bayesian random parameter ordered probit model was proposed to reflect the safety and liability of AVs,respectively,as well as accommodating the heterogeneity issue simultaneously.Findings–The findings show that day,location and crash type were significant factors of injury severity while location and crash reason were significant influencing the liability.Originality/value–The results provide meaningful countermeasures to support the policymakers or practitioners making strategies or regulations about AV safety and liability.展开更多
：This paper examines the relative strength of factors in predicting the onset of a financial crisis inthe emerging market during the 1990s. We estimate a probit model based on the quarterly data of 18countries. The r...：This paper examines the relative strength of factors in predicting the onset of a financial crisis inthe emerging market during the 1990s. We estimate a probit model based on the quarterly data of 18countries. The results suggest that the mis-management in the economy and banking system, the shifts inthe international conditions and the depth of contagion effects are strongly associated with the presence ofcrises. Some of the results are somewhat different from the other empirical studies based on annual data. Acareful analysis of the probability distributions showed that the results were close to being correct in over90% of the cases.展开更多
Identifying risk factors for road traffic injuries can be considered one of the main priorities of transportation agencies. More than 12,000 fatal work zone crashes were reported between 2000 and 2013. Despite recent ...Identifying risk factors for road traffic injuries can be considered one of the main priorities of transportation agencies. More than 12,000 fatal work zone crashes were reported between 2000 and 2013. Despite recent efforts to improve work zone safety, the frequency and severity of work zone crashes are still a big concern for transportation agencies. Although many studies have been conducted on different work zone safety-related issues, there is a lack of studies that investigate the effect of adverse weather conditions on work zone crash severity. This paper utilizes probit–classification tree, a relatively recent and promising combination of machine learning technique and conventional parametric model, to identify factors affecting work zone crash severity in adverse weather conditions using 8 years of work zone weatherrelated crashes (2006–2013) in Washington State. The key strength of this technique lies in its capability to alleviate the shortcomings of both parametric and nonparametric models. The results showed that both presence of traffic control device and lighting conditions are significant interacting variables in the developed complementary crash severity model for work zone weather-related crashes. Therefore, transportation agencies and contractors need to invest more in lighting equipment and better traffic control strategies at work zones, specifically during adverse weather conditions.展开更多
This paper analyzes factors that explain company layoffs,given the individual layoff data in 2021,China.Using the Probit regression model,we find that gender inequality exists in layoffs,an employee’s work experience...This paper analyzes factors that explain company layoffs,given the individual layoff data in 2021,China.Using the Probit regression model,we find that gender inequality exists in layoffs,an employee’s work experience becomes less critical in the company’s layoff decisions,and how an employee’s health reasons affect work affects its probability of being laid off.Since we consider a significant endogeneity issue with education,using parents’education as an instrumental variable suggests that political status cannot be a significant advantage for employees to lower the chance of being laid off.Moreover,evidence implies that policymakers encouraging the pursuit of higher educational degrees can foster stability in the labor market.展开更多
文摘This study investigates the factors that impact farmers'adoption of risk management strategies(RMS)in Pakistan during times of uncertainty.The study examines farmers'adoption of RMS using both multinomial probit(MNP)and multivariate probit(MVP).Data were collected from 382 farmers sampled from four districts in KhyberPakhtunkhwa(KP)province of Pakistan via a multistage sampling technique.This study utilizes the MNP model,considering the assumption of Independence of Irrelevant Alternatives(IIA)and incorporating correlated error terms.The objective is to understand farmers'behavior in risky situations and determine if there is heterogeneity.Results are compared with the MVP model to assess robustness and gain deeper understanding of farmers'decisionmaking processes.The research findings reveal that our results are robust,and farmers behave homogeneously in various RMS scenarios.Farmers adopt RMS individually or in combination to mitigate the adverse effects of natural calamities on their livelihood.The risk-averse farmers,who perceive weather-related risks as a threat,access credits and information,and have farms close to a river are more likely to adopt RMS,irrespective of the format of the strategies available.Moreover,the predicted probabilities and correlation of the RMS and RM categories have strengthened our model estimation.These findings provide insights into the behavior of farmers in adopting RMS which are helpful for policymakers and stakeholders in developing strategies to mitigate the impacts of natural calamities on farmers.
文摘Dichotomous choice elicitation technique of contingent valuation method is broadly used in the research fields of environmental resource and recreational activity management. The binary choice type of questions are generally analyzed by using Logit or Probit probability distribution models in which a common analysis procedure is to apply MLE for estimating variable parameters before calculating the respondents’ willingness to pay. In this paper, a MCMC Gibbs sampling Probit model is adopted to maintain the three advantages it has in dealing with heteroscedasticity, high dimension numerical integral and sample size restriction problems. The results revealed that the MCMC model and MLE Probit model are strikingly consistent, which suggests that the former is much simple and reliable estimation method. At the same time, the empirically based existence value estimation of coastal beach quality improvement in Dalian, China is RMB?168 per person.
基金National Natural Science Foundation of China(No.52072214)the project of Tsinghua University-Toyota Joint Research Center for AI technology of Automated Vehicle(No.TTAD2021-10).
文摘Purpose–This study aims to investigate the safety and liability of autonomous vehicles(AVs),and identify the contributing factors quantitatively so as to provide potential insights on safety and liability of AVs.Design/methodology/approach–The actual crash data were obtained from California DMV and Sohu websites involved in collisions of AVs from 2015 to 2021 with 210 observations.The Bayesian random parameter ordered probit model was proposed to reflect the safety and liability of AVs,respectively,as well as accommodating the heterogeneity issue simultaneously.Findings–The findings show that day,location and crash type were significant factors of injury severity while location and crash reason were significant influencing the liability.Originality/value–The results provide meaningful countermeasures to support the policymakers or practitioners making strategies or regulations about AV safety and liability.
基金We gratefully acknowledge the financial support of the National Natural Science Foundation of China [69874 0 0 4 ]
文摘：This paper examines the relative strength of factors in predicting the onset of a financial crisis inthe emerging market during the 1990s. We estimate a probit model based on the quarterly data of 18countries. The results suggest that the mis-management in the economy and banking system, the shifts inthe international conditions and the depth of contagion effects are strongly associated with the presence ofcrises. Some of the results are somewhat different from the other empirical studies based on annual data. Acareful analysis of the probability distributions showed that the results were close to being correct in over90% of the cases.
基金sponsored by the Federal Highway Administration(FHWA)in cooperation with the American Association of State Highway and Transportation Officials(AASHTO)
文摘Identifying risk factors for road traffic injuries can be considered one of the main priorities of transportation agencies. More than 12,000 fatal work zone crashes were reported between 2000 and 2013. Despite recent efforts to improve work zone safety, the frequency and severity of work zone crashes are still a big concern for transportation agencies. Although many studies have been conducted on different work zone safety-related issues, there is a lack of studies that investigate the effect of adverse weather conditions on work zone crash severity. This paper utilizes probit–classification tree, a relatively recent and promising combination of machine learning technique and conventional parametric model, to identify factors affecting work zone crash severity in adverse weather conditions using 8 years of work zone weatherrelated crashes (2006–2013) in Washington State. The key strength of this technique lies in its capability to alleviate the shortcomings of both parametric and nonparametric models. The results showed that both presence of traffic control device and lighting conditions are significant interacting variables in the developed complementary crash severity model for work zone weather-related crashes. Therefore, transportation agencies and contractors need to invest more in lighting equipment and better traffic control strategies at work zones, specifically during adverse weather conditions.
文摘This paper analyzes factors that explain company layoffs,given the individual layoff data in 2021,China.Using the Probit regression model,we find that gender inequality exists in layoffs,an employee’s work experience becomes less critical in the company’s layoff decisions,and how an employee’s health reasons affect work affects its probability of being laid off.Since we consider a significant endogeneity issue with education,using parents’education as an instrumental variable suggests that political status cannot be a significant advantage for employees to lower the chance of being laid off.Moreover,evidence implies that policymakers encouraging the pursuit of higher educational degrees can foster stability in the labor market.
