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Assume that your data with self reported cigarette use contains classical (random) measurement error. Your coefficient estimate on the price of a cigarette, cigpric, will
Assume that your data with self reported cigarette use contains classical (random) measurement error. Your coefficient estimate on the price of a cigarette, cigpric, will have . If the measurement error is instead non-classical, such that it is correlated with the actual value of cigarette use, then the coefficient on the price of a cigarette, cigpric, will have
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An Introduction to Measure Theoretic Probability
Authors: George G. Roussas
2nd edition
128000422, 978-0128000427
