Abstract Im verbundenen Verbraucherkreditgeschäft (§ 9 Abs. 1 VerbrKrG) hängt die Wirksamkeit des angebundenen Geschäftes gemäß §9 Abs. 2 Satz 1 VerbrKrG davon ab, ob der Verbraucher seine Willenserklärung zum Kreditvertrag widerruft. Der Verfasser vertritt die Auffassung, daß der...

The approach by Engelberg, Manski, and Williams (2009) to convert probabilistic survey responses into continuous probability distribution requires that the question intervals are equally wide. Almost all recently established household surveys have intervals of varying widths. Applying the...

Self-perception and perception by others can diverge. Such differences can play an important role in corporate governance settings, for example in the context of task allocation. We run two experiments to study how predictions about own performance and the performance of others develop over time...

We propose a new approach to the definition of stress scenarios for volatilities and correlations. Correlations and volatilities depend on a common market factor, which is the key to stressing them in a consistent and intuitive way. Our approach is based on a new asset price model where...

The influence of past stock price movements on correlations and volatilities is essential for understanding diversification and contagion in financial markets. We develop a model that makes the influence of past returns, aggregated into driving factors for correlations and volatilities,...