Research ArticleOpen accessIn the keywordsDOES FRAMING AFFECT RISK ATTITUDE? EXPERIMENTAL EVIDENCE FROM CREDIT MARKETDmitry Vladimirovich BurakovIn this article we study the effect of framing on the attitude of lenders toward risk over a credit cycle and also review potential causes of negative framing when making decisions. Using an experimental setting, we present evidence of frame of losses’ significant impact on willingness to accept credit risk: In comparison with frame of gains, willingness to accept credit … …American Journal of Applied Sciences, Vol. 11, Issue 3 · 2 Jan 2014 · 6,718 accessesView PDFCite
Research ArticleOpen accessIn the abstractOn the Sensitivity of a Dynamic Measure of Financial InequalityGuglielmo D’Amico, Stefania Scocchera, Loriano StorchiIn the present work, we investigate the sensitivity of the dynamic Theil index computed under a Markov reward model with respect to structured perturbations affecting the underlying Markov process. The model is applied to the sovereign credit spread evolution as a proxy for financial risk, which are driven by the sovereign credit rating dynamic. The introduction of such perturbations allows … …Journal of Mathematics and Statistics, Vol. 15, Issue 1 · 25 Oct 2019 · 7,264 accessesView PDFCite