OBDV

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BFGSMIN final results

Used numeric gradient

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STRONG CONVERGENCE
Function conv 1  Param conv 1  Gradient conv 1
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Objective function value 2.17061
Stepsize 0.0065
24 iterations
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 param    gradient  change
  1.3826   0.0000  -0.0000
  0.2317  -0.0000   0.0000
  0.1839   0.0000   0.0000
  0.2214   0.0000  -0.0000
  0.1898   0.0000  -0.0000
  0.0722   0.0000  -0.0000
 -0.0002   0.0000  -0.0000
  1.7853  -0.0000  -0.0000
 -0.4358   0.0000  -0.0000
  0.1129   0.0000   0.0000


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NegBin SNP model, MEPS full data set

MLE Estimation Results
BFGS convergence: Normal convergence

Average Log-L: -2.170614
Observations: 4564

              estimate     st. err      t-stat     p-value  
constant        -0.147       0.126      -1.173       0.241
pub. ins.        0.695       0.050      13.936       0.000
priv. ins.       0.409       0.046       8.833       0.000
sex              0.443       0.034      13.148       0.000
age              0.016       0.001      11.880       0.000
edu              0.025       0.006       3.903       0.000
inc             -0.000       0.000      -0.011       0.991
gam1             1.785       0.141      12.629       0.000
gam2            -0.436       0.029     -14.786       0.000
lnalpha          0.113       0.027       4.166       0.000

Information Criteria 
CAIC : 19907.6244      Avg. CAIC:   4.3619
 BIC : 19897.6244       Avg. BIC:   4.3597
 AIC : 19833.3649       Avg. AIC:   4.3456
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