Search Results - subject:"Probabilities"

Optimal annuitization, uncertain survival probabilities, and maxmin preferences

D'Albis, Hippolyte; Thibault, Emmanuel - HAL - 2012

We consider a life-cycle model with bequest motives, and assume that the individual does not know his/her survival probability and has maxmin utility preferences; we show that it is optimal not to annuitize but to purchase pure life insurance policies instead.

Persistent link: https://www.econbiz.de/10010899979

The adoption of innovative cropping systems under price and production risks: a dynamic model of crop rotation choice

RIDIER, Aude; Chaib, Karim; Roussy, Caroline - Département Sciences Sociales, Agriculture et … - 2012

-year risk, yearly farming operations being declined according to a decision tree where probabilities are assigned. The …

Persistent link: https://www.econbiz.de/10010780531

What (Really) Accounts for the Fall in Hours After a Technology Shock?

Rebei, Nooman - International Monetary Fund (IMF) - 2012

probabilities, impulse responses, and autocorrelations, the model favored is the one that exhibits habit formation in consumption …

Persistent link: https://www.econbiz.de/10010790268

Analysis of the Risks in the Enterprise Activity

COCOSILA, Mihaela - In: Journal of Applied Research in Finance Bi-Annually IV (2012) 2, pp. 69-74

Dealing with a competitive, regional, national and international business environment, it is compulsorily needed to know the risks that can occur in the economic and financial activity of a firm. The insufficient knowledge of risk, its wrong evaluation and the lack of prevention strategy...

Persistent link: https://www.econbiz.de/10010851967

The adoption of innovative cropping systems under price and production risks: a dynamic model of crop rotation choice

Ridier, Aude; Chaib, Karim; Roussy, Caroline - European Association of Agricultural Economists - EAAE - 2012

probabilities are assigned. Subjective yield and cost distributions linked to this decision tree are elicited among a sample of 13 …

Persistent link: https://www.econbiz.de/10010910914

Ambiguous Life Expectancy and the Demand for Annuities

D'Albis, Hippolyte; Thibault, Emmanuel - HAL - 2012

In this paper, ambiguity aversion to uncertain survival probabilities is introduced in a life-cycle model with a …

Persistent link: https://www.econbiz.de/10011026066

Optimal annuitization, uncertain survival probabilities, and maxmin preferences

D'Albis, Hippolyte; Thibault, Emmanuel - HAL - 2012

Persistent link: https://www.econbiz.de/10009647512

From Stress to Costress; Stress Testing Interconnected Banking Systems

Maino, Rodolfo; Tintchev, Kalin - International Monetary Fund (IMF) - 2012

This paper presents an integrated framework for assessing systemic risk. The framework models banksâ€™ capital asset ratios as a function of future losses and credit growth using a generalized method of moments to calibrate shocks to credit quality and credit growth. The analysis is...

Persistent link: https://www.econbiz.de/10009654147

Are high-growth firms one-hit wonders? Evidence from Sweden

Daunfeldt, Sven-Olov; Halvarsson, Daniel - Handelns Utredningsinstitut (HUI Research) - 2012

Most firms do not grow, and a small number of high-growth firms seem to create most new jobs. These firms have therefore received increasing attention among policymakers. The question is whether high-growth tends to persist? We investigate this question using data on 432,689 observations in...

Persistent link: https://www.econbiz.de/10010586136

A more efficient sampling procedure, using loaded probabilities

Cumpston, J. Richard - In: International Journal of Microsimulation 5 (2012) 1, pp. 21-30

loaded probabilities. This suggestion is intended to provide faster simulations, particularly when using simulation cycle … times much shorter than a year. The paper derives optimal formulas for draw numbers and loaded probabilities, and uses … stochastic simulations to show that sampling with loaded probabilities gives similar results to all-case simulation. Tests with a …

Persistent link: https://www.econbiz.de/10010540204