We first derive a general counterparty risk representation formula for the Credit Value Adjustment (CVA) of a netted and collateralized portfolio. This result is then specified to the case, most challenging from the modelling and numerical point of view, of counterparty credit risk. Our general results are essentially model free. Thus, although they are theoretically pleasing, they do not immed...

The collection and scoring of student artwork, for high-stakes assessment, across a large jurisdiction such as Western Australia is challenging. An alternative approach would be to submit digital representations of the artworks online for assessing. However, to give a valid and reliable measure the representations would need to be of adequate quality. Further, judgements of artworks are necessa...

Mit dem Begleitstudium Problemlösekompetenz (kurz: Begleitstudium) besteht an der Universität Augsburg ein Studienangebot, das die Integration von informellen Lernaktivitäten in studentischen Praxisgemeinschaften in das Curriculum von Bachelor-/Master-Studiengängen ermöglicht. Für das Assessment wird dabei auf ein selbstentwickeltes E-Portfolio-System zurückgegriffen. Dieser Beitrag zeigt anhan...

BACKGROUND Practice-based learning and improvement (PBLI) is 1 of 6 general competencies expected of physicians who graduate from an accredited residency education program in the United States and is an anticipated requirement for those who wish to maintain certification by the member boards of the American Board of Medical Specialties. This article describes methods used to assess PBLI. SUMM...

There has been a growing interest in the use of portfolios to assess nursing student progress in areas such as critical thinking, problem solving, and communication. The data obtained from student portfolios can be used to improve undergraduate nursing curricula; however in order for change to occur, closing the assessment feedback loop is essential. The portfolio program of one Midwestern scho...

Pre-clinical exposure to patients provides opportunities for medical students to display competencies which may be expressed in reflective narratives. Geriatric education experts used qualitative consensus methods to identify themes expressed in second year medical student narratives which were mapped to ACGME Core Competencies. Concept searches operationalizing these same competencies were cre...

As medical education and continuous professional development shift toward an outcomes-based model, there is increasing focus on the documentation of physician self-assessment and a commitment to lifelong learning. The Accreditation Council for Graduate Medical Education is helping prepare trainees for these changes by increasing the focus of graduate medical education on outcomes through the de...

I examine the inXuence of the framing of investment portfolios on the risk-taking behavior of individual investors. Investment portfolios can be presented either in aggregated or segregated framing, meaning that either the overall distribution or the single investments of portfolios are displayed. Previous studies have found that simple lottery portfolios are more attractive if their overall di...