Show a default image

Create “images” folder in current active theme the put “default-image.jpg” in that folder.

<?php  
if ( has_post_thumbnail( ) ) {
  echo get_the_post_thumbnail( $page->ID, 'image' );
} else { ?>
<img src="<?php echo get_template_directory_uri().'/images/default-image.jpg'; ?>"/>
<?php } ?>

Use path according to the theme (parent or child).