Friday, July 13, 2012

More Comments on the Use of the LPM

Alfredo drew my attention to Steve Pische's reply to a question raised by Mark Schaffer in the Mostly Harmless Econometrics blog. The post was titled, Probit Better than LPM? The question related to my own  posts (here, here, and here, in reverse order) on this blog concerning the choice between OLS (the Linear Probability Model - LPM) or the Logit/Probit models for binary data.

Thanks, Alfredo, as this isn't a blog I follow. 

Alfredo asked: "Would you care to respond? I feel like this is truly an exchange from which a lot of people can learn".