Natural hazard research began as a study of cultural perceptions to extreme naturally occurring events. Since the advent of the study, natural hazard literature has become steeped in terminology that is sometimes confusing to the reader. The concepts of hazard, risk, and disaster are often confused with one another and with the extreme event itself. Although the extreme event is inherent in haz...

The article argues that insufficient attention has been paid to the operational aspects of the U.S. radioactive waste management system when it grows to the scale necessary to handle wastes produced by a fully deployed plutonium economy. Without such information, many of the unsettling speculations which have become part of the public debate and are summarized herein cannot be clearly addressed...

We consider a principal-agent model with moral hazard where the agent’s knowledge about the performance measure is ambiguous and he is averse towards ambiguity. We show that the principal may optimally provide no incentives or contract only on a subset of all informative performance measures. That is, the Informativeness Principle does not hold in our model. These results stand in stark contras...

In this paper, I study the e¤ects of overcon…dence on incentive contracts in a moral-hazard framework in which principal and agent knowingly hold asymmetric beliefs regarding the probability of success of their enterprise. Agent overcon…dence can have con‡icting e¤ects on the equilibrium contract. On the one hand, an overcon…dent agent disproportionately values successcontingent payments, and t...

Information is provided on the approach and experience in flood management in the Piemonte Region. Actual practices comprise mainly: (i) the structural mitigation of floods; and (ii) non-structural safety measures subdivided into land use planning and emergency plan activation through hydrometeorological forecasting and the development of an Alert System for flood forecasting and warning. Of pa...

The Basel Committee on Banking Supervision from the Bank for International Settlement classifies banking risks into three main categories including credit risk, market risk, and operational risk. The focus of this study is on the operational risk measurement in Iranian banks. Therefore, issues arising when trying to implement operational risk models in Iran are discussed, and ...

Objective(s): It has been proposed that lipid markers may predict cardiovascular events; however, their effect may vary depending on the type of cardiovascular disease. The purpose of this study was to investigate the effects of lipid markers on death from coronary heart disease (CHD) and stroke in competing risks setting.Materials and Methods:</stron...