The start-up decision under default risk

ASSOCIATED PROBABILITY INTUITIONISTIC FUZZY WEIGHTED OPERATORS IN BUSINESS START-UP DECISION MAKING

In the study, we propose the Associated Probability Intuitionistic Fuzzy Weighted Averaging (As-P-IFWA) and the Associated Probability Intuitionistic Fuzzy Weighted Geometric (As-P-IFWG) aggregation operators with associated probabilities of a fuzzy measure presenting an uncertainty. Decision makers' evaluations are given as intuitionistic fuzzy values and are used as the arguments of the aggre...

Role Taking Under Financial Risk Decision Making

This paper explores people’s behavior when they are facing financial risks. Through the setting of an economics experiment, people’s willingness to bear financial risks and their tendency to impose risks on others are investigated. The experiment result shows that most people are risk-neutral or risk-averse when making decision under financial environment, and their tendency to impose risks on ...

Pricing Credit Default Swaps Under Default Correlations and Counterparty Risk ∗

In this paper, we develop a generalized affine model to characterize correlated credit risk of multi-firms. When valuing credit derivatives, this new approach allows to incorporate correlative market and credit risk, interdependent default risk structure and counterparty risk into consideration. We have demonstrated our affine model not only combines the existing structural models and intensity...

General Dynamic Term Structures under Default Risk

We consider the problem of modelling the term structure of bonds subject to default risk, under minimal assumptions on the default time. In particular, we do not assume the existence of a default intensity and we therefore allow for the possibility of default at predictable times. It turns out that this requires the introduction of an additional term to the forward-rate approach by Heath, Jarro...

Decision under Risk