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Do We Know What We Are Doing? An Exploratory Study on Swedish Health Economists and the EQ-5D

Lyttkens, Carl Hampus; Gerdtham, Ulf-G.; Tinghög, Gustav - 2018

The UK tariff for quality of life associated with the health states in the EQ-5D is probably not consistent with the preferences of Swedish health economists. This is worrying in view of the widespread use of the tariff values and the fact that health economists likely are better able than...

Persistent link: https://www.econbiz.de/10013208840

Testing Probability Calibrations: Application to Credit Scoring Models

Blöchlinger, Andreas; Leippold, Markus - Institut für Schweizerisches Bankwesen <Zürich> - 2006

The validation of probability calibration is an inherently difficult task. We develop a testing procedure for credit-scoring models. The models comprise two components to check whether the ex-ante probabilities support the ex-post frequencies. The first component tests the level of the...

Persistent link: https://www.econbiz.de/10005858376

Flight-to-Quality or Flight-to-Liquidity? Evidence from the Euro-Area Bond Market

Beber, Alessandro; Brandt, Michael W.; Kavajec, Kenneth A. - Institut für Schweizerisches Bankwesen <Zürich> - 2006

Do bond investors demand credit quality or liquidity? The answer is both, but at different times and for different reasons. Using data on the Euro-area government bond market, which features a unique negative correlation between credit quality and liquidity across countries, we show that the...

Persistent link: https://www.econbiz.de/10005858392

Economic Benefit of Powerful Credit Scoring

Blöchlinger, Andreas; Leippold, Markus - Institut für Schweizerisches Bankwesen <Zürich> - 2005

In this paper, we study the economic benets from using credit scoring models. We contribute to the literature by relating the discriminatory power of a credit scoring model to the optimal credit decision. Given the Receiver Operating Characteristic (ROC) curve of the credit scoring model, we...

Persistent link: https://www.econbiz.de/10005858876

Validity and reliability of willingness-to-pay estimates: Evidence from two overlapping discrete-choice experiments

Telser, Harry; Becker, Karolin; Zweifel, Peter - 2008

Discrete-choice experiments, while becoming increasingly popular, have rarely been tested for validity and reliability … differ between experiments, they tend to vary in similar ways, suggesting at least theoretical validity and reliability. …

Persistent link: https://www.econbiz.de/10010315517

Contingent valuation: A new perspective

Schläpfer, Felix - 2007

After several decades of academic research on the contingent valuation (CV) method a consistent behavioral explanation of 'hypothetical bias' is still lacking. Based on evidence from economics, economic psychology and the political sciences, I propose an explanation that is based on two simple...

Persistent link: https://www.econbiz.de/10010315552

Validity of discrete-choice experiments: Evidence for health risk reduction

Telser, Harry; Zweifel, Peter - 2005

, its external validity in the health care domain has not been investigated until now. This paper examines the external … validity of DCE concerning the reduction of a health risk. Convergent validity is examined by comparing the value of a … statistical life with other preference elicitation techniques, such as revealed preference. Criterion validity is shown by …

Persistent link: https://www.econbiz.de/10010315568

University entrance selection and age at admission

Wikström, Christina; Wikström, Magnus - 2012

This paper focuses on the predictive validity of the upper secondary grade point average (GPA), when used as selection … university between the years 1993 to 1996. The predictive validity is studied by correlating the GPA from upper secondary school …

Persistent link: https://www.econbiz.de/10010321150

Sensitivity to scope in contingent valuation – introducing a flexible community analogy to communicate mortality risk reductions

Sund, Björn - 2009

Validity in contingent valuation (CV) is often tested through the sensitivity of estimated willingness to pay (WTP) to …

Persistent link: https://www.econbiz.de/10012654341