3. Describe the intuition of a likelihood ratio test.4. In the article by Michael Baye and Joshua Wright ("Is Antitrust Too Complicated forGeneralist Judges?"), describe how they measure the economic complexity of antitrustcases. What as the modal level of complexity? How would you describe the complexitydistribution?5. According to the results from Baye and Wright, how does economic training impact theappeal rate of judges? Are you convinced that Baye and Wright have established acausal relationship?

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3. Describe the intuition of a likelihood ratio test.

Calculus For The Life Sciences

2nd Edition

ISBN:9780321964038

Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Chapter12: Probability

Section12.2: Introduction To Probability

Problem 52E

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Question

3. Describe the intuition of a likelihood ratio test.
4. In the article by Michael Baye and Joshua Wright ("Is Antitrust Too Complicated for
Generalist Judges?"), describe how they measure the economic complexity of antitrust
cases. What as the modal level of complexity? How would you describe the complexity
distribution?
5. According to the results from Baye and Wright, how does economic training impact the
appeal rate of judges? Are you convinced that Baye and Wright have established a
causal relationship?

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