Why Insurers Are Wrong about Adverse Selection
نویسندگان
چکیده
منابع مشابه
Comment on Hillock's "Why Austrians Are Wrong About Depressions"
L et me preface my comment with the following caveat: I am skeptical of the value of a scholarly journal article that attempts to critically evaluate the "canonical version" of an economic theory, particularly when the theory in question deals with a phenomenon as complex as the business cycle. Added to this is my uneasiness over the fact that the version that is chosen for criticism (Rothbard ...
متن کاملAre we wrong about representation?
In his recent book, The Elm and The Expert (1994), Jerry Fodor opens with a rather puzzling remark: “It may be that I have gotten myself into a philosophical situation about which all that can helpfully be said is that I ought not to have gotten myself into it” (p.1). Fodor is referring to what is a paradoxical and deep problem in his theory concerning the relations between representational con...
متن کاملCan Employers Solve the Adverse Selection Problem for Insurers?
Establishing the existence of equilibrium in insurance markets has always been a challenging task for economists due to imperfect information. As illustrated by Rothschild and Stiglitz (1976), imperfect information may lead to complete market failure. This paper extends the standard model of adverse selection by introducing employers that choose the set of policies that are offered to consumers...
متن کاملWrong-side/wrong-site, wrong-procedure, and wrong-patient adverse events: Are they preventable?
HYPOTHESIS Wrong-side/wrong-site, wrong-procedure, and wrong-patient adverse events (WSPEs) are devastating, unacceptable, and often result in litigation, but their frequency and root causes are unknown. Wrong-side/wrong-site, wrong-procedure, and wrong-patient events are likely more common than realized, with little evidence that current prevention practice is adequate. DESIGN Analysis of se...
متن کاملWhy are MD simulated protein folding times wrong?
The question of significant deviations of protein folding times simulated using molecular dynamics from experimental values is investigated. It is shown that in the framework of Markov State Model (MSM) describing the conformational dynamics of peptides and proteins, the folding time is very sensitive to the simulation model parameters, such as forcefield and temperature. Using two peptides as ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Laws
سال: 2018
ISSN: 2075-471X
DOI: 10.3390/laws7020013