Is it possible to formulate the Schrödinger equation (SE) in terms of a differential equation involving only the probability density instead of the wave function? If not, why not?
We can take the time independent SE as an example:
$$-\frac{\hbar ^{2}}{2m}\nabla ^{2}\psi (\mathbf {r} )+V(\mathbf {r} )\psi (\mathbf {r} )=E\psi (\mathbf {r} )$$
Any solution will yield a probability density $p(\mathbf {r}) = \psi^*(\mathbf {r})\psi(\mathbf {r})$ and the question if an equation can be found of which $p$ is the solution if $\psi$ is a solution of the SE.
I assume not since it would have been widely known but I have not seen the arguments why this would be impossible. I understand the wave function contains more information than the probability density (e.g. the phase of $\psi$ which is relevant in QM drops out of $p$) but I do not see that as sufficient reason against the existence of such an equation.