📅 2024-09-06 — Session: Developed Nested Logit and DiD Educational Materials
🕒 00:50–02:10
🏷️ Labels: Nested Logit, Did, Education, Investment Analysis, Dynamic Decision-Making
📂 Project: Teaching
⭐ Priority: MEDIUM
Session Goal
The session aimed to develop educational materials and insights related to nested logit models in transportation and Difference-in-Differences (DiD) regression analysis.
Key Activities
- Nested Logit Models: Reviewed essential topics and recommended textbooks for mastering nested logit models, focusing on transportation decision-making.
- DiD Regression Problem Design: Outlined a step-by-step approach to create a calculation-based problem for DiD regression, including sample data and questions.
- DiD Error Analysis: Presented DiD estimates with errors to challenge students in identifying mistakes and enhance error complexity.
- Investment Analysis: Analyzed investment options using Expected Utility Theory (EUT) and Cumulative Prospect Theory (CPT).
- Feedback on Dynamic Decision-Making: Provided feedback on dynamic decision-making problems, emphasizing backward induction.
Achievements
- Developed comprehensive guides and templates for nested logit models and DiD regression problems.
- Analyzed investment options, concluding Asset B as preferred.
- Enhanced educational materials with error analysis and feedback.
Pending Tasks
- Further refinement of DiD problem sets to include more complex error scenarios.
- Additional feedback and iteration on dynamic decision-making exercises.