The rank-ordered logit model's coefficients often vary significantly with the depth of rankings used in the estimation process. The common interpretation of the unstable coefficients across ranks is that survey respondents state their more and less preferred alternatives in an incoherent manner....

This article develops precise connections among two general approaches to building interest rate models: a general equilibrium approach using a pricing kernel and the Heath, Jarrow, and Morton framework based on specifying forward rate volatilities and the market price of risk. The connections...