Modelling the credit risk for portfolios of consumer loans: Analogies with corporate loan models

The New Basel accord has highlighted the need for models of the credit risk in portfolios of consumer loans. There are really no such models of the risks in consumer loan portfolios even though there is a well established industry – credit scoring – in modelling the risk of individual loans. Yet there are a number of models of the credit risk of portfolios of corporate loans. This paper discusses if and how one could use equivalent approaches to building such models in consumer lending even if the models themselves cannot translate across because of the assumptions underlying them.     

Animating Causal Overlays

Most approaches to representing causality, such as the common causal graph, require a separate and static view, but in many cases it is useful to add the dimension of causality to the context of an existing visualization. Building on research from perceptual psychology that shows the perception of causality is a low‐level visual event derived from certain types of motion, we are investigating how to add animated causal representations, called visual causal vectors, onto other visualizations. We refer to these as causal overlays. Our initial experimental results show this approach has great potential but that extra cues are needed to elicit the perception of causality when the motions are overlaid on other graphical objects. In this paper we describe the approach and report on a study that examined two issues of this technique: how to accurately convey the causal flow and how to represent the strength of the causal effect.     

Enhancing the mechanical and barrier properties of chitosan/graphene oxide composite films using trisodium citrate and sodium tripolyphosphate crosslinkers

This study investigated the effect of ionic crosslinking on the mechanical, barrier, and optical properties of chitosan (CS) and CS/graphene oxide (CSGO) composite films using trisodium citrate (CIT) and sodium tripolyphosphate (TPP) solutions of different concentrations (0.5, 1.0. 2.0, and 3.0% w/v). Successful crosslinking was confirmed by Fourier-transform infrared spectroscopy. The hydrophilicity and light transmittance decreased significantly (p < 0.05) with the increase in concentration of both crosslinking agents. The CS films crosslinked with 3.0% w/v TPP exhibited significant (p < 0.05) improvements in barrier properties, achieving a 51% decrease of water vapor permeability and 59% decrease in oxygen permeability, in comparison to neat CS film. In addition, TPP-crosslinked CSGO films experienced an 82% and 42% improvement in tensile strength and elongation at break, respectively. Overall, crosslinked CS and CSGO films possess significantly improved properties and have great potential to be further studied as food packaging materials.     

The treating expert: A hybrid role with firm boundaries.

Ongoing or impending litigation may have a substantial impact on treatment, affecting parents' and children's interactions with the therapist and the structure and content of treatment. Psychologists must be prepared to think forensically as well as clinically and have the requisite expertise to support children's needs, accomplish interventions, and, if appropriate, provide information to the forensic evaluator or the court. S. Greenberg and D. Shuman's (1997) conceptualization of the treating expert is expanded and applied to the child custody or dependency case, with an emphasis on role boundaries, standards of expertise, and suggestions for professional practice. (PsycINFO Database Record (c) 2010 APA, all rights reserved)     

Increased rates of events that activate or deactivate the behavioral approach system, but not events related to goal attainment, in bipolar spectrum disorders.

Research indicates that life events involving goal attainment and goal striving trigger hypomania/mania and that negative life events trigger bipolar depression. These findings are consistent with the behavioral approach system (BAS) dysregulation model of bipolar disorders, which suggests that individuals with bipolar disorders are hypersensitive to cues signaling opportunity for reward and cues signaling failure and loss of rewards. However, no studies to date have investigated whether individuals with bipolar spectrum disorders experience increased rates of these BAS-relevant life events, which would place them at double risk for developing bipolar episodes. The present study found that individuals with bipolar II disorder and cyclothymia experience increased rates of BAS-activating and BAS-deactivating, but not goal-attainment, life events. Finally, for bipolar spectrum individuals only, BAS-activating events predicted BAS-deactivating events' rates. (PsycINFO Database Record (c) 2010 APA, all rights reserved)