International Journal of Research Studies in Management · 2013 · 11 citations · 40 references
BusinessDecision SciencesFinanceBankingBehavioral FinanceFinancial Risk ManagementCredit RiskCredit Risk AssessmentCredit UnderwritingLoan UnderwritingMicrofinanceAccuracyBorrower Risk AssessmentDefault PredictionDefault Risk PredictionLending BehaviorLoan Default PredictionPredictive PerformancePrivate Information Disclosure
The peculiarity in lending methodology in Microfinance institution characterized by unchallenged dominance of the loan officers in the decision-making prompted us to investigate the predictive accuracy of their subjective judgement. In addition, we investigate if the accuracy of this information depends on the strength of lenders-borrowers relationship.
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Prospect Theory: An Analysis of Decision under Risk
Daniel Kahneman, Amos Tversky · Econometrica · 1979 · 47K citations
Simon Gervais, Terrance Odean · Review of Financial Studies · 2001 · 1.6K citations