earnings deter risk-averse individuals. In this paper I analyse the expected value and variance of income in self …-employment entry and exit under risk are estimated, which include a standard risk aversion parameter. The model predicts that the …

is provided. We emphasize the role of intertemporal correlation aversion and explain why multiplica- tive preferences … provide an interesting alternative to additive preferences, allowing to separate risk aversion from intertemporal elasticty of …

The paper proposes a new method to estimate correlation of account level Basle II Loss Given Default (LGD). The … correlation determines the probability distribution of portfolio level LGD in the context of a copula model which is used to … we apply the maximum likelihood method to estimate the best correlation parameter. The method is applied and analyzed on …

Credit risk is an important issue in many finance areas, such as the determination of cost of capital, the valuation of … corporate bonds and pricing of credit derivatives. Credit risk has also been a cause and consequence of the current financial … crisis. Thus, methods for measuring credit risk, default probabilities, and recoveries have caught more and more attention in …

This paper uses a frequency domain approach to gain insight into the correlation between survey indicators and year … of the correlation between survey indicators and year-on-year GDP growth at the different frequencies to explain their … overall correlation. We show that survey indicators, similar to year-on-year GDP growth, do not perfectly reflect business …

elicited risk attitudes and time preferences from respondents in a street survey. Admitted violent behaviour was predictable on … the basis of some of these responses. Consistent with the rational model, less risk averse and more impatient individuals …