Horowitz, Joel L.; Savin, N. E. - In: Journal of Economic Perspectives 15 (2001) 4, pp. 43-56
A binary-response model is a mean-regression model in which the dependent variable takes only the values zero and one. This paper describes and illustrates the estimation of logit and probit binary-response models. The linear probability model is also discussed. Reasons for not using this model...