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Likelihood Function Quotes by Thomas J. Sargent
- In the 1980s, there were occasions when it made sense to say, 'it is too difficult to maximize the likelihood function, and besides if we…
- The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it.
More Likelihood Function Quotes
- In the 1980s, there were occasions when it made sense to say, 'it is too difficult to maximize the likelihood function, and… — Thomas J. Sargent
- The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it. — Thomas J. Sargent