The recently finalized Basel II Capital Accord requires banks to adopt a procedure to estimate the operational risk capital charge. Under the Advanced Measurement Approaches, that are currently mandated for all large internationally active US banks, require the use of historic operational loss data. Operational loss databases are typically subject to a minimum recording threshold of roughly $10...

Opinions I t's a feeling we all remember: crossing the stage on graduation day. You were a somebody, and a new chapter of your life was about to begin. Your degree in hand, you headed to the real world to make your mark. For us, time has moved at warp speed since our MBA convocation in 2010, and this felt like an appropriate " anniversary " to reflect on our first two years as young MBAs workin...

In addition to cope with usual stressful circumstances at work, nowadays, it is important to examine what kind of mental capacities of medical staff are adaptive in respect of a new type of stress – job insecurity. Special focus is put upon self structures as personality determinants and the role they have in coping.. The aim of the study was to determine the role of the self structures in acti...

In this paper we provide an alternative interpretation of the Shapley value in TU games as the unique maximaizer of expected Nash welfare.

What is considered to be fair depends on context-dependent expectations. Using a modified version of the Ultimatum Game, we demonstrate that both fair behavior and perceptions of fairness depend upon beliefs about what one ought to do in a situation— that is, upon normative expectations. We manipulate such expectations by creating informational asymmetries about the offer choices available to t...

Risks of population decline are studied extensively in conservation biology, but are difficult to estimate because they change abruptly over a relatively narrow range of parameters. We propose that risks of decline may be usefully summarized by the expected minimum population size. This is the smallest population size that is expected to occur within a particular time period. Analytical solutio...

We introduce the notion of Tuned Risk Aversion as a possible interpretation of non-expected utility preferences. It refers to tuning patterns of risk (and ambiguity) aversion to the composition of a lottery (or act) at hand, assuming only an overall ‘budget’ for accumulated risk aversion over its sub-lotteries. This makes the risk aversion level applied to a part intrinsically depending on the ...

BACKGROUND The concept of frailty, a relative state of weakness reflecting multiple functional and health domains, continues to receive attention within the geriatrics field. It offers a summary of key personal characteristics, providing perspective on an individual's life course. There have been multiple attempts to measure frailty, some focusing on physiologic losses, others on specific disea...

The aim of this study was to assess knowledge, attitudes, and proficiency in relation to organ donation among staff members of intensive care units (ICUs) in donor hospitals, and possibly identify areas for improvement. The investigation was carried out as a collaboration between the transplant center and appointed key persons in all 17 ICUs in 15 hospitals in northern Denmark. A total of 1168 ...

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