I am studying maximum likelihood estimators (MLE) right now. I am trying to do a little article about how to apply maximum likelihood estimators to one real life problem.
But I see that MLE mostly is about to "prove" estimators to known distributions.
In some universities exams I see that professors give you a probability density function that is very... mmm..."exotic", and you figure out its parameters by MLE, but I'm not sure that those PDFs work in real life.
Am I wrong in my apprehension?
Are there some real applications of MLE in real life for me to write my article about?