Terza, Joseph V.; Tsai, Wei-Der - In: Review of Applied Economics 2 (2006) 1
The conventional computational algorithms for full information maximum likelihood (FIML) estimation of the censored probit model (see Farber, 1983), will sometimes fail to converge when the estimated value of the correlation coefficient (ñ) approaches ±1; even when the true value of ñ is not...
