I would like to minimise the function $l(\theta|Y)$.
Given the Newton's method below
$$\theta^{(t+1)} = \theta^{(t)} - \left[l''(\theta\;|\;Y)\right]^{-1} l'(\theta^{(t)}\; | Y)\quad t = 0,1,...$$
where $l''(\theta^{(t)} | Y)$ is the observed Fisher Information matrix.
The observed fisher information matrix (including the minus sign in front of it) would ideally be negative definite, in order to find the minimum. Correct me if I am wrong.
My question is: what if the observed Fisher Information I obtained is negative semidefinite. What may happen is this case ? Would my algorithm fail miserably ?