This paper proposes a methodology for default probability estimation for low default portfolios, where the statistical … inference may become troublesome. The author suggests using logistic regression models with the Bayesian estimation of … parameters. The piecewise logistic regression model and Box-Cox transformation of credit risk score is used to derive the …

We collect 1,021 estimates from 92 studies that use the consumption Euler equation to measure relative risk aversion … and that disentangle it from intertemporal substitution. We show that calibrations of risk aversion are typically larger … than estimates thereof. Moreover, reported estimates are typically larger than the underlying risk aversion because of …

effectiveness may moderate in graying societies. It then uses Bayesian estimation techniques for the U.S., Canada, Japan, U.K., and …

non-risk-weighted bank capital ratio (i.e. a positive impact on bank leverage), while these effects have strengthened …