Sorry, I have no idea, but I have one (predictable to some) small
detailed suggestion
for anyone in this territory. If anyone wishes to call it pedantic I am
happy with that.
The ratio you refer to is named for one John P. Mills. There are various
defensible ways to use his name in referring to the ratio: Mills ratio,
Mills' ratio, Mills's ratio, but Mill's ratio and Mill ratio are both
incorrect.
Nick
[email protected]
[email protected]
I have a question on Mill's ratio and Heckman procedure. When I use Mill
ratio to take into account the possible endogeneity of one of my
explanatory variable, I get different result from what I get by using
regular IV. What can be the resaon (reasons) for that? The more basic
question is that what distinguishes using Mill ratio and regular IV?
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