Quasi Maximum Likelihood Estimation of Multivariate Probit Models: Farm Couples' Labor Participation
Joint estimation of farmers' farm and off-farm work participation requires a multivariate probit model, in which the number of equations is twice the number of household members. Where there are more ...
Pseudo-likelihood Estimation of Multivariate Normal Parameters in the Presence of Left-Censored Data
Environmental data often include left-censored values reported to be less than some limit of detection (LOD). While simple imputation of a specific value such as LOD/2 is common, maximum likelihood ...
Bayesian estimation and maximum likelihood methods represent two central paradigms in modern statistical inference. Bayesian estimation incorporates prior beliefs through Bayes’ theorem, updating ...
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