I highly doubt whether they're using the right econometric models.
In table 2 and 3 they're using an OLS model although the dependent variable is binary ("choosing and aggressive strategy 0/1"). A logit model seems much more appropriate here.
This does not give me much confidence in the results.
In table 2 and 3 they're using an OLS model although the dependent variable is binary ("choosing and aggressive strategy 0/1"). A logit model seems much more appropriate here.
This does not give me much confidence in the results.