COMMON SENSE REASONING AND ITS APPLICATIONS FOR FINANCIAL STUDIES

COMMON SENSE REASONING AND ITS APPLICATIONS FOR FINANCIAL STUDIES

Paper in proceedings (conference paper)

Environmental science, economics, and politics are typical generators of prohibitively complex models. Unique, difficult to observe, ill understood, multidimensional tasks are analysed using sparse, shallow, semi subjective and often inconsistent knowledge. Qualitative models can absorb shallow qualitative knowledge and generate all possible scenarios. The complete list of scenarios guarantees that any decision making based on it is complete. The resulting semi deep knowledge models of the Russian corporate bond market can be used as the best possible candidates for the conventional extracting / identification procedures e.g. best fit procedures.

Environmental science, economics, and politics are typical generators of prohibitively complex models. Unique, difficult to observe, ill understood, multidimensional tasks are analysed using sparse, shallow, semi subjective and often inconsistent knowledge. Qualitative models can absorb shallow qualitative knowledge and generate all possible scenarios. The complete list of scenarios guarantees that any decision making based on it is complete. The resulting semi deep knowledge models of the Russian corporate bond market can be used as the best possible candidates for the conventional extracting / identification procedures e.g. best fit procedures.

qualitative models, common sense, bond price

KUČEROVÁ, V.; DOHNAL, M.

01.01.2003

Slovak University of Technology in Bratislava

Bratislava

80-227-1813-0

2nd International Conference Aplimat

297

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