Results 71 to 80 of about 9,538 (181)
Ambiguity Aversion, Portfolio Choice, and Life Expectancy
ABSTRACT This paper studies how wealth and aging affect portfolio choices in a life‐cycle model with ambiguity aversion. Ambiguity aversion implies wealthier and older agents are endogenously more optimistic about risky asset returns, relative to poorer/younger agents. As life expectancy grows, old agents become even more optimistic, while young agents
Alistair Macaulay, Chenchuan Shi
wiley +1 more source
Positive affect as a developmental mediator of early adversity and internalizing psychopathology
Background Early life adversities (ELAs) including experiences such as abuse, neglect, and household dysfunction are strongly linked to psychopathology; yet, the developmental pathways connecting ELA to externalizing and internalizing psychopathology remain unclear.
Jamie L. Hanson +3 more
wiley +1 more source
Rational Nonmonotonic Reasoning
Appears in Proceedings of the Fourth Conference on Uncertainty in Artificial Intelligence (UAI1988)
openaire +2 more sources
CBDC as Imperfect Substitute to Bank Deposits: A Macroeconomic Perspective
Abstract The impact of Central Bank Digital Currency (CBDC) is analyzed in a closed‐economy model with monopolistic competition in banking and where CBDC is an imperfect substitute with bank deposits. The design of CBDC is characterized by its interest rate, its substitutability with bank deposits, and its relative liquidity.
PHILIPPE BACCHETTA, ELENA PERAZZI
wiley +1 more source
Reasoning about Evolving Nonmonotonic Knowledge Bases
Recently, several approaches to updating knowledge bases modeled as extended logic programs have been introduced, ranging from basic methods to incorporate (sequences of) sets of rules into a logic program, to more elaborate methods which use an update policy for specifying how updates must be incorporated. In this article, we introduce a framework for
Eiter, T. +3 more
openaire +2 more sources
FinTech Lending and Cashless Payments
ABSTRACT Borrowers' use of cashless payments improves their access to capital from FinTech lenders and predicts a lower probability of default. These relationships are stronger for cashless technologies providing more precise information, and for outflows. Cashless payment usage complements other signals of borrower quality.
PULAK GHOSH, BORIS VALLEE, YAO ZENG
wiley +1 more source
Bank Monitoring with On‐Site Inspections
ABSTRACT Using proprietary transaction‐level data on nonsyndicated construction loans, we provide some of the first empirical evidence on the drivers and consequences of bank monitoring through on‐site inspections. Banks trade off monitoring intensity with favorable origination terms.
Amanda Rae Heitz +2 more
wiley +1 more source
Dynamic Pricing With Demand Carry‐Over: Managerial Practice Versus Theory Prediction
ABSTRACT This paper examines how competing firms set prices over multiple periods when current‐period demand partially carries over to future periods. We first present results from a pricing experiment conducted with experienced fast‐food managers.
Yuanfang Lin, Amit Pazgal, Li Yang
wiley +1 more source
ABSTRACT This paper examines how institutional environments shape the effectiveness of derivative hedging in reducing corporate default risk. Using hand‐collected data from non‐financial firms across nine European countries and various econometric methods to control for endogeneity, we provide novel evidence that the risk‐reducing benefits of ...
Amrit Judge, Khai Le, Kim Ly
wiley +1 more source
Best Practices for Developing Linear Models With Multiple Explanatory Variables
ABSTRACT Linear models, including t‐test, ANOVA, regression, ANCOVA, and generalized linear models, are foundational tools in statistical analysis. For large datasets, such as those involving tens of thousands of genes and millions of records, numerous advanced methods have been developed to improve both computational efficiency and reliability.
Baidu Li, Xinhai Li
wiley +1 more source

