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Credit scoring methods aim to assess the default risk of a potential borrower. This involves typically the calculation … of a credit score and the estimation of the probability of default. One of the standard approaches is logistic … discriminant analysis, also referred to as logit model. This model maps explanatory variables for the default risk to a credit …
Persistent link: https://www.econbiz.de/10009627282
We study whether selection affects motivation. In our experiment subjects first answer a personality questionnaire …
Persistent link: https://www.econbiz.de/10009625802
We examine learning behavior in auctions and Fair division games with independent private values under two different price rules, first and second price. Participants face these four games repeatedly and submit complete bid functions rather than single bids. This allows us to examine whether...
Persistent link: https://www.econbiz.de/10009581102
bidders. In our experiment participants face four auction types (first versus second price - auction versus fair division game …
Persistent link: https://www.econbiz.de/10009582405
This paper presents the results of experiments carried out in two countries, Germany and Bulgaria, and for different allocation rules (first vs. second price auction vs. fair division game). The data analysis of the sealed-bid, private value-contests compares the bid function in both countries,...
Persistent link: https://www.econbiz.de/10009583890
Experimental studies have shown that trust and reciprocity are effective in increasing efficiency when complete contracting is infeasible. One example is the study by Berg et al. (1995) of the investment game. In this game the person who receives the investment is the one who may reward the...
Persistent link: https://www.econbiz.de/10009612013
Retributive responses do play a role in human behavior. Whether they are primarily triggered by supposed intentions or by observed consequences of actions is an important question. It can be addressed by experimental studies of retributive responses in situations in which the individual actor...
Persistent link: https://www.econbiz.de/10009612563
provision games. In our experiment participants can increase efficiency by gift giving at the cost of reducing their own …
Persistent link: https://www.econbiz.de/10009612570
Credit risk refers to the risk of incurring losses due to unexpected changes in the credit quality of a counterparty or … issuer. In this paper we give an introduction to the modeling of credit risks and the valuation of credit-risky securities …. We consider individual as well as correlated credit risks. -- compensator ; intensity ; credit risk ; default risk …
Persistent link: https://www.econbiz.de/10009625799
In this note we present an experiment to compare the two competing fairness theories by Bolton / Ockenfels and Fehr … difficult to compare their predictive accuracy. We designed a very simple experiment that induces opposing predictions made by …
Persistent link: https://www.econbiz.de/10009583893