How to explain correlation of error term of Bivariate Probit model from GJRM package?

I am estimating a Bivariate probit model using the GJRM package. From the model summary - theta = 0.897(0.886,0.908), tau = 0.709(0.694,0.724). I am looking into ways to answer the correlation of...

17 February 2025 3,119 0 View