Question: II. Semiparametric estimation: the maximum score Many semiparametric models impose assumptions of symmetry or mono tonicity, which can be used to derive consistent estimators. Manski's
II. Semiparametric estimation: the maximum score Many semiparametric models impose assumptions of symmetry or mono tonicity, which can be used to derive consistent estimators. Manski's maxi mum score procedure is one of them. Consider a binary choice model with y = 1 (Note: not 0-1! using 1 is a convenient choice for what fol lows). We observe iid observations (yi,xi)n i=1. The maximum score estima tor chooses to maximize Sn() = 1 n n i=1 yi 1(xi 0
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
