Author:
Bas Muhammet Ali,Signorino Curtis S.,Walker Robert W.
Abstract
We present a simple method for estimating regressions based on recursive extensive-form games. Our procedure, which can be implemented in most standard statistical packages, involves sequentially estimating standard logits (or probits) in a manner analogous to backwards induction. We demonstrate that the technique produces consistent parameter estimates and show how to calculate consistent standard errors. To illustrate the method, we replicate Leblang's (2003) study of speculative attacks by financial markets and government responses to these attacks.
Publisher
Cambridge University Press (CUP)
Subject
Political Science and International Relations,Sociology and Political Science
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