The logit and probit models have become critical parts of the management researcher's analytical arsenal, growing rapidly from almost no use in the 1980s to appearing in 15% of all articles published ...

This is a preview. Log in through your library . Abstract Mixed probit models are widely applied in many fields where prediction of a binary response is of interest. Typically, the random effects are ...

and is the normal probability function. This is the likelihood function for a binary probit model. This likelihood is strictly positive so that you can take a square root of and use this as your ...

We compare how logit (fixed effects) and probit early warning systems (EWS) predict insample and out-of-sample currency crises in emerging markets (EMs). We look at episodes of currency crises that ...

The data for this example are from Ezzet and Whitehead (1991), who describe a crossover experiment on two groups of patients using two different inhaler devices (A and B). Patients from group 1 used ...