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entry masks. In situations where cheating and lying are of concern, prefilling and defaults might reduce dishonest behavior … lying by showing that prefilled forms and defaults affect compliance by changing the moral costs of dishonest behavior. …
Persistent link: https://www.econbiz.de/10011871513
Persistent link: https://www.econbiz.de/10012621165
entry masks. In situations where cheating and lying are of concern, prefilling and defaults might reduce dishonest behavior … lying by showing that prefilled forms and defaults affect compliance by changing the moral costs of dishonest behavior. …
Persistent link: https://www.econbiz.de/10011867400
Stochastically ordered random variables with given marginal distributions are combined into a joint distribution preserving the ordering and the marginals using a maximum entropy formulation. A closed-form expression is obtained. An application is in default estimation for different portfolio...
Persistent link: https://www.econbiz.de/10010292056
they do, or at least that defaults and credit spreads tend to co-move with macro-economic variables. If true, this is …
Persistent link: https://www.econbiz.de/10010324897
Recent models for credit risk management make use of Hidden Markov Models (HMMs). The HMMs are used to forecast quantiles of corporate default rates. Little research has been done on the quality of such forecasts if the underlying HMM is potentially mis-specified. In this paper, we focus on...
Persistent link: https://www.econbiz.de/10010325238
We extend the Hidden Markov Model for defaults of Crowder, Davis, and Giampieri (2005) to include covariates. The …
Persistent link: https://www.econbiz.de/10010325444
agreement). Yet defaults did happen, even in the case of musharakah (joint venture) sukuk discussed in this study. So is Islamic … finance failing to deliver on its promises? To answer that question, we analyse four major defaults on Sukuk that have …
Persistent link: https://www.econbiz.de/10010326475
Recent evidence suggests that default based nudges i.e. alterations in the decisional context, can have large effects on decision making and can be used as policy interventions to improve individual and public welfare. This paper presents the results of a controlled experiment (N = 988),...
Persistent link: https://www.econbiz.de/10011573067
the implementation of high-quality defaults. Based on a laboratory experiment featuring a dual-task paradigm, we …
Persistent link: https://www.econbiz.de/10014534456