Rajaratnam, Kanshukan; Beling, Peter A.; Overstreet, … - In: Decision Analytics 3 (2016) 1, pp. 1-16
In this paper, we introduce models of sequential decision making in consumer lending. From the definition of adverse selection in static lending models, we show that homogenous borrowers take-up offers at different instances of time when faced with a sequence of loan offers. We postulate that...
