,especially in the case of the events with low probabilities.That is the point where the behavioral economists come with a larger … makers overestimate low peobabilities and underestimate high probabilities,thus buying inadequate insurance in many situation …

misclassification probabilities, it is possible to measure the extent of the misclassification error in that specific variable. The …

We investigate the relationship between subjective probabilities of future stock market returns and decisions about … stockholding. Specifically, we examine whether acting upon subjective probabilities is confined to individuals with high cognitive … analysis we find that there is a significantly stronger association between subjective return probabilities and stockholding …

below, these risk assessments are exactly those which allow a robust representation with so-called local test probabilities …

models of continuous choice where the decision variable is a vector of choice probabilities. We then prove that the marginal …

, comparisons of transition probabilities over time suggest that – until the onset of the financial crisis – the probability of …

, comparisons of transition probabilities over time suggest that - until the onset of the financial crisis - the probability of …

In the current paper, we study the stability and the survival probabilities of enterprises and banks within a prolonged … equities maximum draw-down as dynamic survival indicator. Finally we estimate the survival probabilities of enterprises and …