Showing 1 - 10 of 13,871
Contemporary information systems make widespread use of artificial intelligence (AI). While AI offers various benefits, it can also be subject to systematic errors, whereby people from certain groups (defined by gender, age, or other sensitive attributes) experience disparate outcomes. In many...
Persistent link: https://www.econbiz.de/10014501452
Als ein Teilbereich der Künstlichen Intelligenz stellt Machine Learning (ML) eine Schüsseltechnologie des 21. Jahrhunderts dar. Unter Nutzung der mathematisch-statistischen Verfahren sind technische Systeme realisierbar, die anhand von Daten eigenständig empirische Zusammenhänge erkennen und...
Persistent link: https://www.econbiz.de/10014433975
Machine Learning ist ein Forschungsfeld mit großen Potenzialen und weitreichenden Anwendungspotenzialen. Big Data kann dabei als Enabler angesehen werden, da große und qualitativ hochwertige Daten stets die Grundlage für erfolgreiche Machine Learning-Algorithmen und -Modelle darstellen....
Persistent link: https://www.econbiz.de/10014504476
Banks face a tradeoff between diversifying and focusing their loan portfolio. In this paper we carry out an empirical study for the German market to shed light on the question whether or not the benefits of risk sharing outweigh those of specialization. We use data from the Bundesbank's...
Persistent link: https://www.econbiz.de/10010295924
Lending specialization on certain industry sectors can have opposing effects on monitoring (including screening) abilities and on the sectoral concentration risk of a credit portfolio. In this paper, we examine in the first part if monitoring abilities of German cooperative banks and savings...
Persistent link: https://www.econbiz.de/10010303636
A firm's current leverage ratio is one of the core characteristics of credit quality used in statistical default prediction models. Based on the capital structure literature, which shows that leverage is mean-reverting to a target leverage, we forecast future leverage ratios and include them in...
Persistent link: https://www.econbiz.de/10010263767
Rating agencies state that they take a rating action only when it is unlikely to be reversed shortly afterwards. Based on a formal representation of the rating process, I show that such a policy provides a good explanation for the empirical evidence: Rating changes occur relatively seldom,...
Persistent link: https://www.econbiz.de/10010316237
paper presents a model of killing versus enslaving Caesar, based on a new theory which unifies justice, status, and power … of societies - justice-nonmaterialistic, status, and power-nonmaterialistic. Results cover members' gains, effects of own … killed only in a justice-nonmaterialistic society, and from the noblest of motives - to achieve equal gains for members. …
Persistent link: https://www.econbiz.de/10010268571
implicitly assume that countries have a universal understanding of justice. But this assumption is rather questionable. With … regard to the existing cultural differences in the understanding of justice the transferability of elements of health care … systems is not always given. A transfer usually requires a thorough examination of the ideas of justice in each country. This …
Persistent link: https://www.econbiz.de/10010300530
Roemer's (1982, 1988) classical approach and all the crucial insights of exploitation theory are generalised, proving that …
Persistent link: https://www.econbiz.de/10010280738