Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. In economics, demand is the consumer's ...

We compare different ways of modeling real world probabilities of default over a fixed time horizon conditioned on a vector of explanatory variables. Besides a simple logistic regression, we introduce ...

This is a preview. Log in through your library . Abstract This paper investigates the problem of maximizing expected terminal utility in a discrete-time financial market model with a finite horizon ...