Meaning of probit | Babel Free

Definitions

1. A unit, derived from a standard normal distribution, used in measuring the responses to doses.
2. The probit function, the inverse of the standard normal cumulative distribution function.

Examples

“The only limitation of probit models is that they require⟳ normal distributions for all unobserved components of utility. […] In the current section, I describe⟳ three simulators that are applicable for probits of any form⟳: accept⟳–reject⟳, smoothed accept⟳– reject⟳, and GHK.”

CEFR level