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    Outliers/choosing the right model

    Solved my problem. I used the wrong function glm option :oops:
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    Outliers/choosing the right model

    Hey guys, I have a lot of problems dealing with outliers/choosing the model. setting: dependent variable: - already transformed portfolio variable - a lot of observation with the value = zero plus a lot of outliers on the upper end as usal with wealth data (want to have the ownership...
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    When can I assume a variable as constant

    Hey, thanks for your answer. It really helps. Time invariance is exactly what I meant. On one hand there are a lot of papers who assume risk aversion as constant but on the other hand I found papers who show that risk aversion has a time variant component. I will take a look at this model class...
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    When can I assume a variable as constant

    Thanks for your answer I really appreciate is. I had the same thought but the risk aversion don't has a linear trend. But I got an idea because of your answer. Maybe I take always the minimum in between two periods for the most conservitive approach possible. Have a nice day :)
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    When can I assume a variable as constant

    Hey guys, I'm new to the forum and have the following setting. I work with panal data and have a variable (self reported risk aversion) in the years 2002, 07, 11 but I need it for the years 2004 and 2009. How do I handle it? I would like to assume it as a constant but what year do I take...