Questions tagged [risk-difference]

The risk-difference is the difference between the probabilities of an event under two conditions (ie, p1-p2). The RD has a possible range of [-1, 1]. It is a common measure of effect size in biomedical research.

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Is there any better alternative to Linear Probability Model?

I read here, here, here, and elsewhere that linear probability model (LPM) might be used to get risk differences when the outcome variable is binomial. LPM has some advantages such as ease of ...
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odds ratio: the purpose and interpretation

Could someone please explain the purpose of the odds ratio and how it could be interpreted (i.e., the origin of their usage is in primary interest for me)? Why don't people simply use the difference ...