Table 8. Donation and π: Linear regression.
This table illustrates the structural identification strategy. Notes: SEs in parentheses. *P < 0.10, **P < 0.05, and ***P < 0.01. OLS, ordinary least squares; IV, instrumental variables.
| OLS | IV | IV | |
| (1) | (2) | (3) | |
| Decision (d) | |||
| Mean dep. var. | 0.23 | ||
| % Consequential (π) |
−0.239*** | −0.363*** | −0.368*** |
| π * 1(d ≥ w/2) | (0.0249) | (0.0548) | (0.139) |
| 0.870*** | 1.516*** | 1.542** | |
| (0.0412) | (0.250) | (0.714) | |
| Constant (duty bliss point) |
0.251*** | 0.249*** | 0.249*** |
| (0.0116) | (0.0131) | (0.0134) | |
| IV | N | π, Indian | π, Age ≤ 25 |
| Observations | 902 | 902 | 902 |
| R-squared | 0.336 | 0.155 | 0.140 |