LEADER 03909nam 2200745 a 450 001 9910827355203321 005 20200520144314.0 010 $a1-283-33974-9 010 $a9786613339744 010 $a1-4008-2941-0 024 7 $a10.1515/9781400829415 035 $a(CKB)2550000000040110 035 $a(EBL)729935 035 $a(OCoLC)742333323 035 $a(SSID)ssj0000536076 035 $a(PQKBManifestationID)11325244 035 $a(PQKBTitleCode)TC0000536076 035 $a(PQKBWorkID)10547061 035 $a(PQKB)10914043 035 $a(OCoLC)ocm84838564 035 $a(OCoLC)652351888 035 $a(MdBmJHUP)muse36478 035 $a(DE-B1597)446541 035 $a(OCoLC)979578741 035 $a(DE-B1597)9781400829415 035 $a(Au-PeEL)EBL729935 035 $a(CaPaEBR)ebr10481979 035 $a(CaONFJC)MIL333974 035 $a(PPN)170241963 035 $a(FR-PaCSA)10236426 035 $a(MiAaPQ)EBC729935 035 $a(EXLCZ)992550000000040110 100 $a20120724d2007 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe econometrics of individual risk $ecredit, insurance, and marketing /$fChristian Gourieroux, Joann Jasiak 205 $aCourse Book 210 $aPrincton, N.J. $cPrinceton University Press$dc2007 215 $a1 online resource (256 p.) 300 $aDescription based upon print version of record. 311 $a0-691-16821-0 311 $a0-691-12066-8 320 $aIncludes bibliographical references and index. 327 $t Frontmatter -- $tContents -- $tPreface -- $t1. Introduction -- $t2. Dichotomous Risk -- $t3. Estimation -- $t4. Score Performance -- $t5. Count Data Models -- $t6. Durations -- $t7. Endogenous Selection and Partial Observability -- $t8. Transition Models -- $t9. Multiple Scores -- $t10. Serial Dependence in Longitudinal Data -- $t11. Management of Credit Risk -- $tIndex 330 $aThe individual risks faced by banks, insurers, and marketers are less well understood than aggregate risks such as market-price changes. But the risks incurred or carried by individual people, companies, insurance policies, or credit agreements can be just as devastating as macroevents such as share-price fluctuations. A comprehensive introduction, The Econometrics of Individual Risk is the first book to provide a complete econometric methodology for quantifying and managing this underappreciated but important variety of risk. The book presents a course in the econometric theory of individual risk illustrated by empirical examples. And, unlike other texts, it is focused entirely on solving the actual individual risk problems businesses confront today. Christian Gourieroux and Joann Jasiak emphasize the microeconometric aspect of risk analysis by extensively discussing practical problems such as retail credit scoring, credit card transaction dynamics, and profit maximization in promotional mailing. They address regulatory issues in sections on computing the minimum capital reserve for coverage of potential losses, and on the credit-risk measure CreditVar. The book will interest graduate students in economics, business, finance, and actuarial studies, as well as actuaries and financial analysts. 606 $aRisk (Insurance) 606 $aBanks and banking$xRisk management 606 $aMarketing$xRisk management 615 0$aRisk (Insurance) 615 0$aBanks and banking$xRisk management. 615 0$aMarketing$xRisk management. 676 $a330/.01/5195 686 $a83.03$2bcl 700 $aGourieroux$b Christian$f1949-$089156 701 $aJasiak$b Joann$f1963-$0148433 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910827355203321 996 $aThe econometrics of individual risk$94087506 997 $aUNINA