I/B/E/S removes 6% of one-quarter-ahead earnings forecasts from the calculation of the consensus forecast. This study … examines managers' role in these removals. We show optimistic forecasts are removed more often than pessimistic forecasts … is more pronounced when it allows managers to meet or beat the consensus, when managers have greater ability to influence …

least one forecast removed, this figure rises to 16%. We provide evidence suggesting that I/B/E/S subjectively applies … managers’ incentives to just meet or beat the consensus are stronger (i.e., higher subsequent insider sales or higher … compensation delta), or managers have greater ability to influence I/B/E/S. Lastly, we demonstrate that these subjective removals …

successfully adopted to credibility theory in the actuarial literature. The objective of this work is to develop robust and … ratemaking. In this paper, we consider classical credibility models that can be embedded within the framework of mixed linear … efficient methods for credibility when heavy-tailed claims are approximately log-location-scale distributed. To accomplish that …

Preface -- Credibility Theory -- Credibilistic Programming -- Mathematical Programming -- Expected Value Model … of credibility theory, it provides a self-contained, comprehensive and up-to-date presentation of fuzzy programming …