Effectuation was first proposed as an expert entrepreneur's decision-making framework under uncertainty, but the … applications of effectuation beyond the condition of uncertainty have seen less attention. Using an agent-based simulation model … simulation overcomes the shortcomings of think aloud protocols typically used in effectuation research. The results suggest that …

We present a stochastic simulation model for estimating forward-looking corporate probability of default and loss given … identify the default condition, and solve the model by Monte Carlo simulation. First, we present the model; then we show how to …

This paper illustrates how simulation modeling can be employed to support the R&D decision of a pharmaceutical firm. We …

We present a stochastic simulation forecasting model to stress-test banks' capital adequacy and to estimate probability …

We present a stochastic simulation forecasting model for stress testing aimed at assessing banks' capital adequacy …