Predicting default probabilities is at the core of credit risk management and is becoming more and more important for banks in order to measure their client's degree of risk, and for firms to operate successfully. The SVM with evolutionary feature selection is applied to the CreditReform...

This paper proposes a rating methodology that is based on a non-linear classification method, the support vector machine, and a non-parametric technique for mapping rating scores into probabilities of default. We give an introduction to underlying statistical models and represent the results of...

The performance of an algorithm often largely depends on some hyper parameter which should be optimized before its usage. Since most conventional optimization methods suffer from some drawbacks, we developed an alternative way to find the best hyper parameter values. Contrary to the well known...

The goals of this paper are twofold: we describe common features in data sets from motor vehicle insurance companies and we investigate a general strategy which exploits the knowledge of such features. The results of the strategy are a basis to develop insurance tariffs. The strategy is applied...

The paper brings together methods from two disciplines: machine learning theory and robust statistics. Robustness properties of machine learning methods based on convex risk minimization are investigated for the problem of pattern recognition. Assumptions are given for the existence of the...

Emerging technologies are in the core focus of supra-national innovation policies. These strongly rely on credible data bases for being effective and efficient. However, since emerging technologies are not yet part of any official industry, patent or trademark classification systems, delineating...

Die Preise für Immobilien sind in vielen Ländern in den vergangenen Jahren deutlich gestiegen und es wächst die Sorge, dass sich erneut spekulative Preisblasen bilden. Für politische Entscheidungsträger kann es dabei schwer sein, den richtigen Zeitpunkt für regulierende Eingriffe in den...

Housing prices in many countries have increased significantly over the past years, fueling a fear that speculative price bubbles will return. However, it can be difficult for policymakers to recognize when regulatory interventions in the market are necessary to counteract bubbles. This report...