Locking, Håkan; Månsson, Kristofer; Shukur, Ghazi - In: Bulletin of Economic Research 66 (2014) S1, pp. 92-92
type="main" <title type="main">ABSTRACT</title> <p>In this paper we propose ridge regression estimators for probit models since the commonly applied maximum likelihood (ML) method is sensitive to multicollinearity. An extensive Monte Carlo study is conducted where the performance of the ML method and the probit ridge...</p>