CENSORED PROBIT MODELS DO NOT FAIL RANDOMLY - A MONTE-CARLO STUDY

Authors
BUTLER JS
Citation
Js. Butler, CENSORED PROBIT MODELS DO NOT FAIL RANDOMLY - A MONTE-CARLO STUDY, Economics letters, 57(1), 1997, pp. 33-37
Citations number
1
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
57
Issue
1
Year of publication
1997
Pages
33 - 37
Database
ISI
SICI code
0165-1765(1997)57:1<33:CPMDNF>2.0.ZU;2-Q
Abstract
Values of the hue correlation up to +/- 0.9 in a censored probit model do not lead to random failure owing to limit values of the estimated correlation, but a Monte Carlo study reveals other biases in estimatin g censored probit models. (C) 1997 Elsevier Science S.A.