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A man is a key subject of economics and economic theory. “A man is irrational” - this opinion can be made from Allais … solution of these problems and the development of the economic theory. A radically new approach has been proposed. It considers …
Persistent link: https://www.econbiz.de/10005560978
infringements. It gives promises for both solving fundamental problems of economic theory and creation of new directions and fields …
Persistent link: https://www.econbiz.de/10005124942
Frauds can be explained not only in terms of individual willingness to cheat, but may also be driven by opportunities to behave dishonestly. The audit policy should therefore be different for different categories of agents. This paper focuses on the optimal audit policy when there are two...
Persistent link: https://www.econbiz.de/10005412503
The changing business environment in non-life insurance and reinsurance has raised the need for new quantitative … based on large-scale computer simulations for the integrated financial modeling of non-life insurance and reinsurance …
Persistent link: https://www.econbiz.de/10005561063
Today’s reinsurance manager has to balance many diverging interests. Most prominent among these are the risk … number of available reinsurance and capital market solutions further complicate the decision-making process. Given the … restructuring an existing traditional reinsurance program using quantitative models of the risks. This is done by means of a case …
Persistent link: https://www.econbiz.de/10005412558
We develop a framework to assess the statistical significance of expected default frequency as calculated by credit risk models. This framework is then used to analyze the quality of two commercially available models that have become popular among practitioners: KMV Credit Monitor and RiskCalc...
Persistent link: https://www.econbiz.de/10005561066
We examine wealth effects, for banks and insurers, of bank rights to sell and underwrite annuities. The stock-price reactions to four court and regulatory decisions are consistent with expectations of bank gains at insurers' expense. Cross-sectionally, smaller, riskier insurers with higher...
Persistent link: https://www.econbiz.de/10005561610
A user friendly approach to modeling the risk process is presented. It utilizes the insurance library of the XploRe computing environment which is accompanied by on-line, hyperlinked and freely downloadable from the web manuals and e-books. The empirical analysis for Danish fire losses for the...
Persistent link: https://www.econbiz.de/10005124987
The definition of arrangement infringement has been given. Several characteristics of hurricanes as large-scale events and objectives for the first stages of insurance data analysis have been sketched out. Scale hypotheses, insurance and investment problems have been formulated.
Persistent link: https://www.econbiz.de/10005124993
Esta es la tercera parte de una serie que forman una investigación más amplia titulada “La Estrategia de Citicorp en Chile: Un Intento de Investigación”. Aquí se describe la naturaleza, reglamentación, estado actual y perspectivas de más de los 25 segmentos del mercado financiero...
Persistent link: https://www.econbiz.de/10005125052