This is by far and away the best explanation of the vast breadth of limited dependent variable models I have ever found. I have been working on a paper where the outcome is a limited dependent variable for almost a year. While my choice of running both Heckman and 2PM models was correct all along, this is the most thorough explanation of when to use what model I have ever seen. Even getting into the likelihood functions. I will recommend everyone I know struggling with this. Well done!
It seems P(yi>0|hi=1) measures something like intention, which would be hard to support with behavioral data. I can measure the probability of the action, and the magnitude, but intention would be difficult. Good and important topic.
![Stromae, Pomme - “Ma Meilleure Ennemie” (from Arcane Season 2) [Official Visualizer]](http://i.ytimg.com/vi/1F3OGIFnW1k/mqdefault.jpg)
This is by far and away the best explanation of the vast breadth of limited dependent variable models I have ever found. I have been working on a paper where the outcome is a limited dependent variable for almost a year. While my choice of running both Heckman and 2PM models was correct all along, this is the most thorough explanation of when to use what model I have ever seen. Even getting into the likelihood functions. I will recommend everyone I know struggling with this. Well done!
Thank you so much, wish you the best as well.
It seems P(yi>0|hi=1) measures something like intention, which would be hard to support with behavioral data. I can measure the probability of the action, and the magnitude, but intention would be difficult. Good and important topic.
Thank You!!!
gebtoshal ? :)