probabilities. The model captures the systematic variation in corporate default counts across e.g. rating and industry groups by … probabilities by about 10-35% in terms of Mean Absolute Error, particularly in years of default stress. …

probabilities. The model captures the systematic variation in corporate default counts across e.g. rating and industry groups by … probabilities by about 10-35% in terms of Mean Absolute Error, particularly in years of default stress. …

This paper proposes an experiment about the attitude toward probabilities on a population of portfolio managers. Its … aim is to check whether or not portfolio managers are neutral toward probabilities. Meanwhile, it presents a experimental … probability weighting function. Results unambiguously show that portfolio managers are not neutral toward probabilities and that …