Parameter evaluation for a statistical mechanical model for binary choice with social interaction

DOI10.1155/2019/3435626MaRDI QIDQ2272855zbMATH OpenOpenAlexWikidataFDO

Authors Alex Akwasi Opoku, Godwin Osabutey, Charles Kwofie

Publication date 17 September 2019

Published in Journal of Probability and Statistics (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1155/2019/3435626

Mathematics Subject Classification ID

Applications of statistics to social sciences (62P25) Decision theory (91B06)

Review text

Summary: In this paper we use a statistical mechanical model as a paradigm for educational choices when the reference population is partitioned according to the socioeconomic attributes of gender and residence. We study how educational attainment is influenced by socioeconomic attributes of gender and residence for five selected developing countries. The model has a social and a private incentive part with coefficients measuring the influence individuals have on each other and the external influence on individuals, respectively. The methods of partial least squares and the ordinary least squares are, respectively, used to estimate the parameters of the interacting and the noninteracting models. This work differs from the previous work that motivated this work in the following sense: (a) the reference population is divided into subgroups with unequal subgroup sizes, (b) the proportion of individuals in each of the subgroups may depend on the population size \(N\), and (c) the method of partial least squares is used for estimating the parameters of the model with social interaction as opposed to the least squares method used in the earlier work.

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Cited in

(4)

• PARAMETER EVALUATION OF A SIMPLE MEAN-FIELD MODEL OF SOCIAL INTERACTION
• How can statistical mechanics contribute to social science?
• Limit theorems for the cubic mean-field Ising model
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