计量经济学答案59章.docVIP

计量经济学答案5-9章 CHAPTER 5 SOLUTIONS TO PROBLEMS 5.1 Write y + x1 + u, and take the expected value: Ey? ?+ Ex1?+ Eu, or μy? ?+ μx since Eu 0, where μy Ey and μx? Ex1We can rewrite this as ? μy?- μxNow, ?Taking the plim of this we have plim? plim? ? plim?? plimplim? μy? μx, where we use the fact that plim? μy?and plim? μx by the law of large numbers, and plim? We have also used the parts of Property PLIM.2 from Appendix C. 5.2 A higher tolerance of risk means more willingness to invest in the stock market, so ? 0By assumption, funds and risktol are positively correlat