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Pseudo‐R 2’s in the ordinal probit model* |
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| Authors: | Michael R Veall Klaus F Zimmermann |
| Institution: | 1. McMaster University;2. University of Munich;3. CEPR |
| Abstract: | This paper presents an analysis of the combining mechanism for status information postulated by the mathematical formulation of the theory of status characteristics and expectation states. Six lemmas on the basic features of the combining mechanism are derived from the formulation and discussed. Further, four theorems that illustrate the implications of the particular combining mechanism for power and prestige orders are presented and proven. |
| Keywords: | Expectation states status characteristics status organizing processes power and prestige orders aggregated expectations |