We synthesize the knowledge present in various scientific disciplines for the development of semiparametric endogenous truncation-proof algorithm, correcting for truncation bias due to endogenous self-selection. This synthesis enriches the algorithm's accuracy, efficiency and applicability. Improving upon the covariate shift assumption, data are intrinsically affected and largely generated by their own behavior (cognition). Refining the concept of Vox Populi (Wisdom of Crowd) allows data points to sort themselves out depending on their estimated latent reference group opinion space. Monte Carlo simulations, based on 2,000,000 different distribution functions, practically generating 100 million realizations, attest to a very high accuracy of our model.

Migration has traditionally been used as a survival strategy in times of financial crisis; however, a debate exists as to whether migration influences poverty on the individual level. The current study analyses the influence of past subjective poverty on migration choice and to determine the impact of migration on current subjective poverty perception. Using a simultaneous bivariate ordered probit model, we found that poorer individuals in Egypt tend to migrate more than others. Migration was found to be a significant determinant of current poverty in Egypt. Finally, migration improved migrant’s financial situation.

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