English

MLE's bias pathology motivates MCMLE

Statistics Theory 2013-12-31 v1 Statistics Theory

Abstract

Maximum likelihood estimates are often biased. It is shown that this pathology is inherent to the traditional ML estimation method for two or more parameters, thus motivating from a different angle the use of MCMLE.

Keywords

Cite

@article{arxiv.1312.7709,
  title  = {MLE's bias pathology motivates MCMLE},
  author = {Yannis G. Yatracos},
  journal= {arXiv preprint arXiv:1312.7709},
  year   = {2013}
}