Definition of variables
| Age | Age in years (scale variable) |
|---|---|
| Education | Education of respondents in years (scale variable) |
| Occupation | Dummy variable on whether a respondent has government job, private company job, reputed business etc. (excluding student/farmer/laborer/ housewife) or not. 1 denotes for yes and 0 for no (categorical variable) |
| Income | Average monthly income in rupees (scale variable) |
| Bid | The bid amount asked to pay (scale variable) |
| Age | Age in years (scale variable) |
|---|---|
| Education | Education of respondents in years (scale variable) |
| Occupation | Dummy variable on whether a respondent has government job, private company job, reputed business etc. (excluding student/farmer/laborer/ housewife) or not. 1 denotes for yes and 0 for no (categorical variable) |
| Income | Average monthly income in rupees (scale variable) |
| Bid | The bid amount asked to pay (scale variable) |
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