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From Fault Tree to Credit Risk Assessment: A Case Study
Gatfaoui, Hayette - Economics and Econometrics Research Institute (EERI) - 2004
Reliability has been largely applied to industrial systems in order to study the various possibilities of systems … minimal paths leading to any system’s fault allows for a better control of systems’ safety. To this end, reliability is … reliability, which matches default risk analysis in a simple framework. Our extension includes other distributions of probability …
Persistent link: https://www.econbiz.de/10005396215
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From Fault Tree to Credit Risk Assessment: A Case Study
GATFAOUI, Hayette - EconWPA - 2005
Reliability has been largely applied to industrial systems in order to study the various possibilities of systems … minimal paths leading to any system’s fault allows for a better control of systems’ safety. To this end, reliability is … theory to credit risk assessment. The author explains that fault tree is one alternative approach of reliability, which …
Persistent link: https://www.econbiz.de/10005407916
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“Luce problem” and discontinuity of Prelec’s function at p = 1
Harin, Alexander - Volkswirtschaftliche Fakultät, … - 2015
This short paper is devoted to two items: 1) An analysis of Prelec’s weighting function at the probability p = 1 is highlighted (this analysis was performed by R. Duncan Luce in two articles with Ragnar Steingrimsson and János Aczél and here is referred to as the “Luce problem”). 2) The...
Persistent link: https://www.econbiz.de/10011259321
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Dynamics of Inductive Inference in a Unified Framework
Gilboa, Itzhak; Samuelson, Larry; Schmeidler, David - Cowles Foundation for Research in Economics, Yale University - 2011
We present a model of inductive inference that includes, as special cases, Bayesian reasoning, case-based reasoning, and rule-based reasoning. This unified framework allows us to examine, positively or normatively, how the various modes of inductive inference can be combined and how their...
Persistent link: https://www.econbiz.de/10009221544
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The ruptures in the probability scale and some problems of modelling.
Harin, Alexander - In: Economics Bulletin 30 (2010) 2, pp. 18-18
The report, that has been presented on the Third International Conference on Mathematical Modelling of Social and Economical Dynamics MMSED-2010, is devoted to applications of the modern achievements of probability theory to economics. The "four-fold-pattern" paradox is used as an example of...
Persistent link: https://www.econbiz.de/10010835965
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Arrangement infringement possibility approach: some economic features of large-scale events
Harin, Alexander - In: Economics Bulletin 28 (2004) 11, pp. 0-0
The definition of an arrangement infringement has been given. Several characteristics of hurricanes as large-scale events and the objectives for the first stages of an insurance data analysis have been sketched out. Scale hypotheses, insurance and investment problems have been formulated. The...
Persistent link: https://www.econbiz.de/10010836071
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Nonparametric Tests for Common Values in First-Price Sealed-Bid Auctions
Haile, Philip A.; Hong, Han; Shum, Matthew - Cowles Foundation for Research in Economics, Yale University - 2003
We develop tests for common values at first-price sealed-bid auctions. Our tests are nonparametric, require observations only of the bids submitted at each auction, and are based on the fact that the "winner's curse" arises only in common values auctions. The tests build on recently developed...
Persistent link: https://www.econbiz.de/10005762657
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Arrangement Infringement Possibility Approach: Some Economic Features of Large-Scale Events
Harin, Alexander - EconWPA - 2004
The definition of arrangement infringement has been given. Several characteristics of hurricanes as large-scale events and objectives for the first stages of insurance data analysis have been sketched out. Scale hypotheses, insurance and investment problems have been formulated.
Persistent link: https://www.econbiz.de/10005124993
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Editorial Policy and Editorial, to appear at the front of the first issue of the new Cambridge University Press journal, Macroeconomic Dynamics.
Barnett, William A. - EconWPA - 1997
This statement outlines the objectives and policies of the new journal, Macroeconomic Dynamics, which is dedicated to the advancement of macroeconomics as a science. This Editorial is to appear at the front of the first issue of that journal and is copyright by Cambridge University Press.
Persistent link: https://www.econbiz.de/10005126416
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Empirical Similarity
Gilboa, Itzhak; Lieberman, Offer; Schmeidler, David - Cowles Foundation for Research in Economics, Yale University - 2004
An agent is asked to assess a real-valued variable Y_{p} based on certain characteristics X_{p} = (X_{p}^{1},...,X_{p}^{m}), and on a database consisting (X_{i}^{1},...,X_{i}^{m},Y_{i}) for i = 1,...,n. A possible approach to combine past observations of X and Y with the current values of X to...
Persistent link: https://www.econbiz.de/10005093957