Showing 1 - 10 of 121
by sharing gains from trade with high-risk customers when low risks are predominant in the insurance pool. However …
Persistent link: https://www.econbiz.de/10011300312
This paper employs four established market microstructure measures on information-based trade in financial markets. A set of German mid and small caps is used to analyze potential differential information content in real estate stocks compared to other asset classes. After linking substantially...
Persistent link: https://www.econbiz.de/10011402855
We address the moral hazard problem of securitization using a principal-agent model where the investor is the principal and the lender is the agent. Our model considers structured asset-backed securitization with a credit enhancement (tranching) procedure. We assume that the originator can...
Persistent link: https://www.econbiz.de/10011783323
control, overconfidence, and investors’ decision making. In total, 456 initial investors in Indonesia participated in online … increased the illusion of control, but not overconfidence or decision making, contrary to the bulk of previous studies. The … illusion of control exhibited a substantial significant effect of as much as 86.4% toward overconfidence, followed by a …
Persistent link: https://www.econbiz.de/10013368488
from survey data, we construct measures of individuals' financial literacy overconfidence and underconfidence for empirical …. We find that individuals' financial literacy overconfidence (underconfidence) significantly promotes (demotes) their …
Persistent link: https://www.econbiz.de/10014246218
Persistent link: https://www.econbiz.de/10014303778
Accurate forecasting of insurance claims is of the utmost importance for insurance activity as the evolution of claims … determines cash outflows and the pricing, and thus the profitability, of the underlying insurance coverage. These are used as … inputs when the insurance company drafts its business plan and determines its risk appetite, and the respective solvency …
Persistent link: https://www.econbiz.de/10014375275
In this paper we analyze insurance demand when the utility function depends both upon final wealth and the level of … documented in real insurance markets. …
Persistent link: https://www.econbiz.de/10011867426
. The asset modeling framework leads to the proliferation of inappropriate assumptions about the effect of insurance line of … insurance parameter risk. …
Persistent link: https://www.econbiz.de/10011687307
-threat assessment in order to express the financial impacts. The study is based on an in-depth analysis of the insurance industry. The … of cyber threats for the field of insurance. …
Persistent link: https://www.econbiz.de/10014230825