Results 91 to 100 of about 66,578 (384)
Impatience for negative experiences
Journal of Consumer Psychology, EarlyView.Abstract Conceptualizing impatience as an emotion, and patience as the regulation of that emotion, offers new insights and opportunities for the study of consumer behavior. While this framework has primarily been applied to impatience for positive events, many real‐life events of interest involve decisions about negative or mixed‐valence events.
David J. Hardisty
wiley +1 more source
Examining what best explains corporate credit risk: accounting-based versus market-based models
Journal of Business Economics and Management, 2014 This paper uses a sample of 2,186 credit default swap spreads quoted in the European market during the period 2002–2009 to empirically analyze which model – accounting- or market-based – better explains corporate credit risk. We find little difference in
Antonio Trujillo-Ponce +2 more
doaj +1 more source
Economic Anthropology, EarlyView.ABSTRACT The khipu knotted string records in the ancient Andes were accounting systems, but they did not indicate any concepts of commensurability or exchange value. They were not incipient money; instead, monetized commerce appears to have predated the economic organization of the Inca society. The article begins by tracing the emergence of coinage in
Alf Hornborg
wiley +1 more source
A New Default Probability Calculation Formula and Its Application under Uncertain Environments
Discrete Dynamics in Nature and Society, 2018 In the real world, corporate defaults will be affected by both external market shocks and counterparty risks. With this in mind, we propose a new default intensity model with counterparty risks based on both external shocks and the internal contagion ...
Liang Wu, Xian-bin Mei, Jian-guo Sun
doaj +1 more source
Pricing default swaps: empirical evidence [PDF]
, 2003 In this paper we compare market prices of credit default swaps with model prices. We show that a simple reduced form model with a constant recovery rate outperforms the market practice of directly comparing bonds' credit spreads to default swap premiums.
Houweling, P. (Patrick) +1 more
core
Credit Calibration with Structural Models: The Lehman case and Equity Swaps under Counterparty Risk
, 2009 In this paper we develop structural first passage models (AT1P and SBTV) with time-varying volatility and characterized by high tractability, moving from the original work of Brigo and Tarenghi (2004, 2005) [19] [20] and Brigo and Morini (2006)[15].
Brigo, Damiano +2 more
core +2 more sources
Teaching financial crises: A leverage experiment
Southern Economic Journal, EarlyView.Abstract College students often struggle to understand the prevalence of asset price bubbles and the difficulty of timing asset purchases and sales. Even economics students are consistently surprised when bubbles burst. These breaks can have real macroeconomic effects, particularly when the price surge is fueled by leverage.
Lee Coppock, Daniel Harper, Charles Holt
wiley +1 more source
On the term structure of default premia in the Swap and Libor markets [PDF]
Existing theories of the term structure of swap rates provide an analysis of the Treasury-swap spread based on either a liquidity convenience yield in the Treasury market, or default risk in the swap market.
COLLIN-DUFRESNE, Pierre, SOLNIK, Bruno
core
Erving Goffman at 100: A Chameleon Seen as a Rorschach Test within a Kaleidoscope
Symbolic Interaction, EarlyView.The 100th anniversary of Erving Goffman's birth was in 2022. Drawing on his work, the Goffman archives, the secondary literature, and personal experiences with him and those in his university of Chicago cohort, I reflect on some implications of his work and life, and the inseparable issues of understanding society.
Gary T. Marx
wiley +1 more source