Credit risk assessment usually is a complex process which consists of many successive steps and numerous criteria. Selection of good customers and rejection of potentially bad ones is vital as it directly and significantly affects the quality of bank's credit portfolio. Also, ordering the...

The main aim of this study is to describe temporal risk aversion impact on the present value. Here the case of continuous time is considered only. Some initial problem with differential equation is obtained as a result of these studies. Then the discounting function is given as the unique...

The main aim of this study is to describe temporal risk aversion impact on the present value. Here the case of discrete time is considered only. Some initial problem with differential equation is obtained as a result of these studies. Then the discounting function is given as the unique solution...

Banks faced many difficulties related to lax credit standards. The effective management of credit risk is a critical component of a comprehensive approach to risk management and it should maintain credit risk exposure within acceptable parameters. However, the problem arises when standards are...

In the paper the authors presented analysis of fitting the following distributions: normal, t-Student, α-stable, hyperbolic, generalized hyperbolic, normal inverse Gaussian, generalized hyperbolic t-Student and general error distribution to the empirical series of WIG20 returns in the situation...

In a rapidly changing environment, it becomes extremely important to anticipate future changes and developments. A key element of strategic action and policy-making is now to recognise the possibility of alternative futures, and to implement strategy that makes the best alternative possible. The...

The main aim of this study is to describe risk aversion impact on present value. The term risk aversion and the loss risk aversion are considered in this work. Three different models of discounting functions are obtained as a result of these studies. The formal influence of behavioural factors...

The family of effective financial instruments was described as an Atanassov intuitionistic set. Obtained model was applied for the choice of components of financial portfolio. For last, an empirical example was shown and was discussed

The future value of a security is described as a random variable. Distribution of this random variable is the formal image of risk uncertainty. On the other side, any present value is defined as a value equivalent to the given future value. This equivalence relationship is a subjective. Thus...

The return rate in imprecision risk may be described as a fuzzy probabilistic set (Piasecki, 2011a). Properties of this return are considered in (Piasecki, 2011b) for any probability distribution of future value. On the other side, in (Piasecki, Tomasik, 2013) is shown that the Normal Inverse...