AbstractSince its evolution, the concept of Entropy has been applied in various fields like Computer Science, Quantitative Finance, Physics etc. The definition of Entropy has slightly different meanings depending on the field of science to which it is being applied. This paper aims to examine the concept of Entropy and its application in Credit Risk Model Development and Validation.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 47103.
Date of creation: 20 May 2013
Date of revision:
entropy; credit risk; model validation;
Find related papers by JEL classification:
- C49 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Other
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-06-04 (All new papers)
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