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st: RE: ivtobit positive likelihood

From   "Nick Cox" <>
To   <>
Subject   st: RE: ivtobit positive likelihood
Date   Sun, 4 Mar 2007 16:37:22 -0000

Why not? This is unusual, but possible. The underlying key here is
that a probability density for a continuous variable is _not_ itself
a probability. It is thus not bounded by 0 and 1, and will have 
units that are the reciprocal of those of your (unstated) response 
variable. Follow that through, and likelihood can exceed 1; 
and so log likelihood can exceed 0. So, on this evidence, there
is no problem to fix.


Richard Boylan
> I am using ivtobit for the first time and I am obtaining positive log
> likelihood. I did not think that this was possible. Any explanations
> and possible solutions? Thanks.

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