For some of my current projects, I'm probably going to need to eventually estimate some models using Metropolis-Hastings sampling. I understand the basic concepts, and the software I use (R) has ...

where log L(θ 1 =t ∣ θ̂ 2) is the value of the log likelihood obtained by fixing θ 1 at t and maximizing the likelihood function with respect to the elements of θ 2.Except for cases where t ...