Search Results - subject:"expected value"

Burnecki, Krzysztof; Misiorek, Adam; Weron, Rafal - Volkswirtschaftliche Fakultät, … - 2010

plotting the corresponding limited expected value functions. Finally, the hypothesis that the modeled random event is governed …

Persistent link: https://www.econbiz.de/10008622253

United States; Publication of Financial Sector Assessment Program Documentation: Technical Note on Regulatory Reform: OTC Derivatives

International Monetary Fund (IMF); International … - 2010

OTC derivatives markets were an increasing source of vulnerability heading into the crisis. OTC derivatives markets contributed to the financial crisis. Credit derivatives facilitated the development and growth of the structured securities markets; and the purchasing, packaging, and distribution...

Persistent link: https://www.econbiz.de/10011243391

Framing-based choice: A model of decision-making under risk

Kriesler, Kobi; Nitzan, Shmuel - 2009

In this study we propose an axiomatic theory of decision-making under risk that is based on a new approach to the modeling of framing that focuses on the subjective statistical dependence between prizes of compared lotteries. Unlike existing models that allow objective statistical dependence, as...

Persistent link: https://www.econbiz.de/10010336064

Cognitive abilities and superior decision making under risk: A protocol analysis and process model evaluation

Cokely, Edward T.; Kelley, Colleen M. - In: Judgment and Decision Making 4 (2009) 1, pp. 20-33

values; however, expected-value choices rarely resulted from expected-value calculations. Instead, the cognitive ability and …

Persistent link: https://www.econbiz.de/10005773069

The Uncertainty Channel of Contagion

Kannan, Prakash; Köhler-Geib, Fritzi - International Monetary Fund (IMF) - 2009

The 2007 subprime crisis in the U.S. triggered a succession of financial crises around the globe, reigniting interest in the contagion phenomenon. Not all crises, however, are contagious. This paper models a new channel of contagion where the degree of anticipation of crises, through its impact...

Persistent link: https://www.econbiz.de/10008559279

Framing-Based Choice: A Model of Decision-Making Under Risk

Kriesler, Kobi; Nitzan, Shmuel - Department of Economics, Bar Ilan University - 2009

, expected value of lottery interchange. JEL Code: D81 Introduction The Expected Utility Model is widely accepted in the … is based on the expected value corresponding to the interchange between the compared lotteries. That is, the following … lotteries p and q is based on the expected value corresponding to their interchange. The function Φ(x,y) is referred to as the …

Persistent link: https://www.econbiz.de/10008594469

Excessive Lending, Leverage, and Risk-Taking in the Presence of Bailout Expectations

Georgiou, Andréas - International Monetary Fund (IMF) - 2009

The financial crisis that began in 2007 has brought to the fore the issues of excesses in lending, leverage, and risk-taking as some of the fundamental causes of this crisis. At the same time, in dealing with the financial crisis there have been large scale interventions by governments, often...

Persistent link: https://www.econbiz.de/10008460595

The Economics of Bank Restructuring: Understanding the Options; Understanding the Options

Landier, Augustin; Ueda, Kenichi - International Monetary Fund (IMF) - 2009

Based on a simple framework, this note clarifies the economics behind bank restructuring and evaluates various restructuring options for systemically important banks. The note assumes that the government aims to reduce the probability of a bankâ€™s default and keep the burden on taxpayers...

Persistent link: https://www.econbiz.de/10011245869

An entropy-based methodology for valuation of demand uncertainty reduction

Fleischhacker, Adam J.; Fok, Pak-Wing - In: Decision sciences : DS 46 (2015) 6, pp. 1165-1198

Persistent link: https://www.econbiz.de/10011477293

Application of fuzzy failure mode effect analysis and expected value method for project risk analysis of elevated corridor metro rail projects

Sarkar, Debasis - In: International journal of decision sciences, risk and … 6 (2015) 1, pp. 34-62

Persistent link: https://www.econbiz.de/10011471432