The non-Gaussian maximum likelihood estimator is frequently used in GARCH models with the intention of capturing heavy-tailed returns. However, unless the parametric likelihood family contains the ...

We derive its maximum likelihood estimator under the mild and natural shape-constraint of unimodality. Shape-constrained estimation is a powerful and robust technique that additionally provides ...

Bayesian Estimation and Maximum Likelihood Methods Publication Trend The graph below shows the total number of publications each year in Bayesian Estimation and Maximum Likelihood Methods.

Paper Simulated Maximum Likelihood Estimation of the Sequential Search Model We propose a new approach to simulate the likelihood of the sequential search model. By allowing search costs to be ...