A shortcoming of potentially using the probit/logit model when attempting to identify causal effects can include:
A) software to estimate the probit/logit model is not widely available.
B) the use of instrumental variables with probit/logit is difficult.
C) probit/logit models have a difficult time incorporating binary control variables.
D) hypothesis testing is all but impossible in probit/logit models.

Question

Quizplus · Accepted Answer

The use of instrumental variables with probit/logit models is difficult, which can be a major limitation for identifying causal effects.

A Shortcoming of Potentially Using the Probit/logit Model When Attempting