On Fri, 3 Oct 2008, Riccardo (Jack) Lucchetti wrote:
On Fri, 3 Oct 2008, Gordon Hughes wrote:
> D. I have mentioned previously that the functions can easily
> run into non-concave regions, which can cause mle using
> analytical derivatives to fail. [The root problem appears to
> lie in the behaviour of the function cnorm(x) for large values
> of x, since the likelihood function contains terms involving
> 1/(1-cnorm(x))...]
Just out of curiosity, do things improve using the pvalue()
function? They may, for reasons too long to explain here...
But not too long to explain in section 5.6 of the Gretl User's
Guide!
Allin.