Abstract
This article describes some aspects of maximum score estimation of parameters of multinomial and, especially, binomial choice models. In the context of binomial choice models, strengths and weaknesses of the estimation procedure are discussed, as well as its relation to classical quantile regression estimation and its nonstandard rate of convergence. The benefits of smoothing the score criterion function are also noted.
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Sherman, R.P. (2018). Maximum Score Methods. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2847
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DOI: https://doi.org/10.1057/978-1-349-95189-5_2847
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Publisher Name: Palgrave Macmillan, London
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