Risk management (RM) is now widely accepted as an important tool in the management of projects. Through a series of semi-structured interviews with RM facilitators, current practice is explored. The findings provide a number of soft benchmarks. Interest in RM comes largely from educated clients...

Since the global credit crunch, lenders have recognized how critical it is to assess the default risk of portfolios of consumer borrowing under different economic environments. We describe a Markov chain model for revolving consumer credit accounts based on consumers' behavioral scores that...

Betting markets have drawn much attention in the economics, finance and operational research literature because they provide a valuable window on the manner in which individuals use information in wider financial markets. One question that has received particular attention is to what extent...

There is a considerable variation in estimates of the degree of risk aversion in the literature. This paper analyses the behaviour of contestants in one of the most popular TV gameshows ever to estimate a CRRA model of behaviour. This gameshow has a number of features that makes it well suited...