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Forecasting corporate distress in the Asian and Pacific region
Moro, Russ; Härdle, Wolfgang Karl; Aliakbari, Saeideh; … - 2011
This study analyses credit default risk for firms in the Asian and Pacific region by applying two methodologies: a …
Persistent link: https://www.econbiz.de/10010281539
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Forecasting Credit Portfolio Risk
Hamerle, Alfred; Liebig, Thilo; Scheule, Harald - 2004
The main challenge of forecasting credit default risk in loan portfolios is forecasting the default probabilities and …
Persistent link: https://www.econbiz.de/10010295888
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A salience theory of choice errors
Manzini, Paola; Mariotti, Marco - 2010
We study a psychologically based foundation for choice errors. The decision maker applies a preference ranking after forming a 'consideration set' prior to choosing an alternative. Membership of the consideration set is determined both by the alternative specific salience and by the rationality...
Persistent link: https://www.econbiz.de/10010269842
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Alternative Approaches to Discrete Working Time Choice in an AGE Framework
Arntz, Melanie; Boeters, Stefan; Gürtzgen, Nicole - 2005
We compare two options of integrating discrete working time choice of heterogenous households into a general equilibrium model. The first, known from the literature, produces household heterogeneity through a working time preference parameter. We contrast this with a model that directly...
Persistent link: https://www.econbiz.de/10010297474
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Strategie equivalence and bounded rationality in extensive form games
Voorneveld, Mark; Lundström, Helena Fagraeus - 2005
In a large family of solution concepts for boundedly rational players - allowing players to be imperfect optimizers, but requiring that better responses are chosen with probabilities at least as high as those of worse responses - most of Thompson's inessential transformations for the strategic...
Persistent link: https://www.econbiz.de/10010281206
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Stochastic choice and consideration sets
Manzini, Paola; Mariotti, Marco - 2012
We model a boundedly rational agent who suffers from limited attention. The agent considers each feasible alternative with a given (unobservable) probability, the attention parameter, and then chooses the alternative that maximises a preference relation within the set of considered alternatives....
Persistent link: https://www.econbiz.de/10010289884
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Para Krizleri Öngörüsünde Logit Model ve Sinyal Yaklaşımının Değeri: Türkiye Tecrübesi
Kaya, Vedat; Yilmaz, Omer - 2007
Logit model and the signal approach are two analysis methods being commonly used to forecast and explain currency crises. Logit model is successful to determine explaining variables of crisis and to calculate the probability of crisis in particular during the period experienced with a crisis. On...
Persistent link: https://www.econbiz.de/10010320570
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Merenkulun toimintaedellytykset, kilpailukyky ja julkisen talouden sopeuttamistoimet: Taustaselvitys valtiovarainministeriölle
Hernesniemi, Hannu - 2012
-nationality crews grows at current rates, this would lower shipping subsidies - in 2015 the savings would amount to over 10 million …
Persistent link: https://www.econbiz.de/10010326862
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Einfache ökonometrische Verfahren für die Kreditrisikomessung
Kaiser, Ulrich; Szczesny, Andrea - 2000
This paper describes simple econometric methods for the analysis of credit risk and applies them to a data set obtained … from credit files taken from six large German universal banks. The paper focuses on (i) binary and ordered probit …/logit models which enable the credit analyst to quantify the default probability of an individual credit, and (ii) on duration …
Persistent link: https://www.econbiz.de/10010324078
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Assessing household credit risk: Evidence from a household survey
Holló, Dániel; Papp, Mónika - 2007
This paper investigates the main individual driving forces of Hungarian household credit risk and measures the … credit risk, namely the financial margin, the logit and the neural network approaches, and uses these methods for stress … testing. Our results suggest that the main individual factors affecting household credit risk are disposable income, the …
Persistent link: https://www.econbiz.de/10010322421