Affordable Access

TRIPROBIT: Stata module to estimate trivariate probit model using the GHK simulator

  • Computer Science
  • Mathematics


triprobit estimates simulated maximum-likelihood three-equation probit models using the GHK smooth recursive simulator. The simulated maximum likelihood technique consists in simulating the multivariate normal integrals which are involved in the likelihhod equation. The simulated probabilities are fed into the likelihood function which is then maximized using traditional techniques. See Greene (2000, pp 184-185) for a description of the simulation algorithm used here.

There are no comments yet on this publication. Be the first to share your thoughts.