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Arrow (1963): Uncertainty and the Welfare Economics of Medical Care

Kenneth J. Arrow

in Moral Hazard in Health Insurance

Published in print:
2014
Published Online:
November 2015
ISBN:
9780231163804
eISBN:
9780231538688
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231163804.003.0007
Subject:
Business and Management, Business Ethics and Corporate Social Responsibility

This chapter provides the framework of Kenneth J. Arrow's seminal article “Uncertainty and the Welfare Economics of Medical Care,” which consists of four parts. The first part focuses on the scope ... More


Association Tests that Accommodate Genotyping Uncertainty *

Thomas A. Louis, Benilton S. Carvalho, M. Daniele Fallin, Rafael A. Irizarryi, Qing Li, and Ingo Ruczinski

in Bayesian Statistics 9

Published in print:
2011
Published Online:
January 2012
ISBN:
9780199694587
eISBN:
9780191731921
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199694587.003.0013
Subject:
Mathematics, Probability / Statistics

High‐throughput single nucleotide polymorphism (SNP) arrays, typically used in genome‐wide association studies with a trait of interest, provide estimates of genotypes for up to several million loci. ... More


At a Small Scale, Nonlinearity Is Your Ally

Luis Perez-Breva and Nick Fuhrer

in Innovating: A Doer's Manifesto for Starting from a Hunch, Prototyping Problems, Scaling Up, and Learning to Be Productively Wrong

Published in print:
2017
Published Online:
September 2017
ISBN:
9780262035354
eISBN:
9780262336680
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262035354.003.0005
Subject:
Business and Management, Innovation

Innovating is a highly nonlinear process. You can turn that nonlinearity to your advantage and explore a space of opportunity systematically, rather than constraining yourself to a pre-specified ... More


Benchmark Macroeconomic Models and Policy Advice

Kartik B. Athreya

in Big Ideas in Macroeconomics: A Nontechnical View

Published in print:
2013
Published Online:
May 2014
ISBN:
9780262019736
eISBN:
9780262314404
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262019736.003.0006
Subject:
Economics and Finance, Macro- and Monetary Economics

Versions of the ADM model are the starting point for much macroeconomic analysis. But how can such models possibly play any role at all in organizing macroeconomists’ thinking? After all, not only is ... More


Characterizing Insurance

Rob Merkin and Jenny Steele

in Insurance and the Law of Obligations

Published in print:
2013
Published Online:
September 2013
ISBN:
9780199645749
eISBN:
9780191747823
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199645749.003.0002
Subject:
Law, Law of Obligations

Introduces the complexity of insurance and questions the dominance of an actuarial model. The actuarial model is associated with distributive, collectivising techniques, and these have also been ... More


The Clean Development Mechanism, Stochastic Permit Prices, and Energy Investments

Philipp Hieronymi and David Schüller

in Political Economy and Instruments of Environmental Politics

Published in print:
2015
Published Online:
January 2016
ISBN:
9780262029247
eISBN:
9780262329736
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262029247.003.0010
Subject:
Political Science, Environmental Politics

The aim of this paper is to analyze the impact that the simultaneous availability of two permit classes with differing price developments has on an energy investor. We consider permits that are ... More


Fear of the road and the accident of postsocialism

Dimitris Dalakoglou

in The Road: An Ethnography of (Im)mobility, Space, and Cross-border Infrastructures in the Balkans

Published in print:
2017
Published Online:
September 2017
ISBN:
9781526109330
eISBN:
9781526124234
Item type:
chapter
Publisher:
Manchester University Press
DOI:
10.7228/manchester/9781526109330.003.0005
Subject:
Anthropology, Social and Cultural Anthropology

This city which centralizes spatially inland mobility infrastructure it also centralizes spatial mobility socially as almost one third of its pre-1990 population lives in Greece. So unsurprisingly in ... More


Human Certainty Principle, of Science, Spirituality, and Experience

Benjamin D Koen

in Beyond the Roof of the World: Music, Prayer, and Healing in the Pamir Mountains

Published in print:
2008
Published Online:
January 2009
ISBN:
9780195367744
eISBN:
9780199867295
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195367744.003.0007
Subject:
Music, Ethnomusicology, World Music

Chapter 7 builds upon the concepts of unity and oneness, and the dynamics of balance and vibration, to frame the roles that music, sound, prayer, breath, movement, and meditation play in ... More


Inconvenient Truths

Philippe Grandjean

in Only One Chance: How Environmental Pollution Impairs Brain Development -- and How to Protect the Brains of the Next Generation

Published in print:
2013
Published Online:
September 2013
ISBN:
9780199985388
eISBN:
9780199346233
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199985388.003.0009
Subject:
Philosophy, Moral Philosophy

Inertia in science is a major hurdle, as the documentation of neurotoxicity builds only gradually. Scientific tradition demands verification and replication before reaching firm conclusions. Worse, ... More


The Influence of Permit-Price Uncertainty and Lobbying on Energy Investments

Philipp Hieronymi and David Schüller

in Emissions Trading as a Policy Instrument: Evaluation and Prospects

Published in print:
2015
Published Online:
January 2016
ISBN:
9780262029285
eISBN:
9780262330435
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262029285.003.0005
Subject:
Economics and Finance, Development, Growth, and Environmental

In this model an investor can choose between replacing a pre-determined generation capacity by investing into wind or gas power. He also has the option to lobby in order to increase the profitability ... More


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