Speculation and Risk Sharing with New Financial Assets Alp Simsek
... European University, Harvard University, MIT, Penn State University, Sabanci University, University of Houston, University of Maryland, University of Wisconsin-Madison, Yale University; and conference participants at AEA and Koc University for helpful comments. All remaining errors are mine. ...
... European University, Harvard University, MIT, Penn State University, Sabanci University, University of Houston, University of Maryland, University of Wisconsin-Madison, Yale University; and conference participants at AEA and Koc University for helpful comments. All remaining errors are mine. ...
Notes 17 - Wharton Statistics
... The theorem can be regarded as both a positive and negative result. It is positive in that it identifies a certain class of estimates as being admissible, in particular, any Bayes estimate. It is negative in that there are apparently so many admissible estimates – one for every prior distribution th ...
... The theorem can be regarded as both a positive and negative result. It is positive in that it identifies a certain class of estimates as being admissible, in particular, any Bayes estimate. It is negative in that there are apparently so many admissible estimates – one for every prior distribution th ...
EXSO EP _ W ISOLE GB
... Work in confined spaces; Work on installations or in service rooms containing live electrical equipment; use of explosives during building and public works or agricultural work; Work in chimneys or large heating installations; Work in hyperbaric or pressurised locations or involving compressed air; ...
... Work in confined spaces; Work on installations or in service rooms containing live electrical equipment; use of explosives during building and public works or agricultural work; Work in chimneys or large heating installations; Work in hyperbaric or pressurised locations or involving compressed air; ...
Postpartum hemorrhage and the B-Lynch technique. Prof Faustino R
... Although uterine atony is the indication for use of modified B-Lynch suture, but it has been shown in many case reports that this suture is also useful in controlling bleeding in cases of placenta previa and placenta accreta. ...
... Although uterine atony is the indication for use of modified B-Lynch suture, but it has been shown in many case reports that this suture is also useful in controlling bleeding in cases of placenta previa and placenta accreta. ...
Sensitivity, Specificity, and Useful Measures of Diagnostic Utility
... Do away with “positive” and “negative” Problems with Traditional Indexes Decision Making and Forward Risk Diagnostic Risk Modeling Assessing Diagnostic Yield Summary References ...
... Do away with “positive” and “negative” Problems with Traditional Indexes Decision Making and Forward Risk Diagnostic Risk Modeling Assessing Diagnostic Yield Summary References ...
Quality, Risk and the Taleb Quadrants
... from the risks imbedded in products or processes, reflecting consumers and operational concerns for reliability design, maintenance and prevention, statistical quality control and statistical process control, it is also concerned with the management of variations, total quality management or six sig ...
... from the risks imbedded in products or processes, reflecting consumers and operational concerns for reliability design, maintenance and prevention, statistical quality control and statistical process control, it is also concerned with the management of variations, total quality management or six sig ...
The Optimal Draw-down for a Charity
... special features currently faced by charities. Many charitable endowments are set up to provide funding perpetually, but work with particular clients or projects within quite short time-frames so we choose to define the problem as choosing annual spending rates over an infinite horizon. A typical ch ...
... special features currently faced by charities. Many charitable endowments are set up to provide funding perpetually, but work with particular clients or projects within quite short time-frames so we choose to define the problem as choosing annual spending rates over an infinite horizon. A typical ch ...
Community Wildfire Protection Plans
... • Not all high fire risk areas impact the community • Not all treatment methods will be effective in every location ...
... • Not all high fire risk areas impact the community • Not all treatment methods will be effective in every location ...
Perioperative Cardiac Risk Assessment
... • To critically appraise 2007 AHA guidelines to perioperative cardiac risk assessment (PCRA) • to present an integrated, stepwise approach to PRCA and to use it as a framework to discuss the role of clinical judgement as it interacts with set algorithms • To offer guidelines as to which patients sho ...
... • To critically appraise 2007 AHA guidelines to perioperative cardiac risk assessment (PCRA) • to present an integrated, stepwise approach to PRCA and to use it as a framework to discuss the role of clinical judgement as it interacts with set algorithms • To offer guidelines as to which patients sho ...
Invasive procedures - Search the GEMP Resource database
... • Overall risk for transverse limb deficiences 0.03% - 0.1% (1 in 3000 to 1 in 1000) • Less than 10 weeks : 0.2% & more proximal limb deficiences and orofacial defects • At or greater than 10 weeks : 0.07% & most limited to digits • Possible mechanism some form of vascular disruption ...
... • Overall risk for transverse limb deficiences 0.03% - 0.1% (1 in 3000 to 1 in 1000) • Less than 10 weeks : 0.2% & more proximal limb deficiences and orofacial defects • At or greater than 10 weeks : 0.07% & most limited to digits • Possible mechanism some form of vascular disruption ...
High Value Care of GI Bleeding
... usually effective Emergency hemostasis and refractory cases treated with rubber band ligation and rarely surgery ...
... usually effective Emergency hemostasis and refractory cases treated with rubber band ligation and rarely surgery ...
Efficient Monte Carlo methods for value-at-risk
... is a prerequisite to calculating quantiles so we focus primarily on the first problem. Given values of P(L > x) for several values of x in the vicinity of xp it is then straightforward to estimate the quantile itself. Basic Monte Carlo for VAR The main steps in a basic Monte Carlo approach to estima ...
... is a prerequisite to calculating quantiles so we focus primarily on the first problem. Given values of P(L > x) for several values of x in the vicinity of xp it is then straightforward to estimate the quantile itself. Basic Monte Carlo for VAR The main steps in a basic Monte Carlo approach to estima ...
Dual characterization of properties of risk measures on Orlicz hearts
... such as, for instance, comonotonicity. We call two random variables X and Y comonotone and write X∼c Y if (X(ω) − X(ω 0 ))(Y (ω) − Y (ω 0 )) ≥ 0 for P × P-almost all (ω, ω 0 ), and we define strict convexity modulo comonotonicity analogously to strict convexity modulo translation (see Definition 5.1 ...
... such as, for instance, comonotonicity. We call two random variables X and Y comonotone and write X∼c Y if (X(ω) − X(ω 0 ))(Y (ω) − Y (ω 0 )) ≥ 0 for P × P-almost all (ω, ω 0 ), and we define strict convexity modulo comonotonicity analogously to strict convexity modulo translation (see Definition 5.1 ...
The Proper Use of Risk Measures in Portfolio Theory
... and wealth under risk. For example, convexity is a property that identifies the importance of diversification. Undiversified portfolios present a greater grade of uncertainty and a larger wealth under risk. Similarly, positive homogeneity implies that when wealth under risk is multiplied by a positi ...
... and wealth under risk. For example, convexity is a property that identifies the importance of diversification. Undiversified portfolios present a greater grade of uncertainty and a larger wealth under risk. Similarly, positive homogeneity implies that when wealth under risk is multiplied by a positi ...
chapter 3- solutions for improving risk management of the securities
... In conclusion, most researches of risk management of securities companies in Vietnam have concentrated on identifying and analyzing each type of risk exposed to the companies. In business, there is no way of avoiding risk without giving up the opportunity to gain profits. Therefore, to be competitiv ...
... In conclusion, most researches of risk management of securities companies in Vietnam have concentrated on identifying and analyzing each type of risk exposed to the companies. In business, there is no way of avoiding risk without giving up the opportunity to gain profits. Therefore, to be competitiv ...
Risk management, Arbitrage and Scenario generation for interest rates
... equidistant grid points of distance ∆, denoted by Y1 , . . . , YK and we ask the simple question if we can estimate the volatility directions λ1 , . . . , λd out of the observations Y1 , . . . , YK in a simple way – given the geometric factor σ? We announce now an equation of type (4) “calibrated” t ...
... equidistant grid points of distance ∆, denoted by Y1 , . . . , YK and we ask the simple question if we can estimate the volatility directions λ1 , . . . , λd out of the observations Y1 , . . . , YK in a simple way – given the geometric factor σ? We announce now an equation of type (4) “calibrated” t ...
EHS Governance at Occidental Petroleum Corporation
... • Each full audit report provided to ECOB Occidental Petroleum Corporation ...
... • Each full audit report provided to ECOB Occidental Petroleum Corporation ...
GMPs for the 21st Century A Risk
... ◦ Faster approval of new products ◦ Continue to receive quality products FDA ◦ More product and process knowledge shared by industry ◦ More efficient resource allocation for review and inspection ◦ Increased trust and understanding of industry decision making OAI ...
... ◦ Faster approval of new products ◦ Continue to receive quality products FDA ◦ More product and process knowledge shared by industry ◦ More efficient resource allocation for review and inspection ◦ Increased trust and understanding of industry decision making OAI ...
14. Efficient frontier with risk free lending and
... portfolio. It has the following expected return and standard deviation: ...
... portfolio. It has the following expected return and standard deviation: ...
Risk of Acute Myocardial Infarction, Stroke, Heart Failure, and Death
... Study Outline • OBJECTIVE: If risk of serious CV harm is increased with rosiglitazone compared with pioglitazone • DESIGN: Observational, retrospective cohort study of 227 571 Medicare beneficiaries • ENDPOINTS: AMI, stroke, heart failure, death ...
... Study Outline • OBJECTIVE: If risk of serious CV harm is increased with rosiglitazone compared with pioglitazone • DESIGN: Observational, retrospective cohort study of 227 571 Medicare beneficiaries • ENDPOINTS: AMI, stroke, heart failure, death ...
Controlling Medical Severity - Oregon Self
... Appropriateness of care (related/reasonable for injury) ...
... Appropriateness of care (related/reasonable for injury) ...
Managing loss and damage from slow onset events: Applicability of
... 1. Understanding to what degree can risk transfer tools manage loss and damage from slow-onset events? 2. Inform policy discussions with the aim of introducing alternative risk transfer tools such as insurance to manage loss and damage from slow-onset events in developing countries. In order to achi ...
... 1. Understanding to what degree can risk transfer tools manage loss and damage from slow-onset events? 2. Inform policy discussions with the aim of introducing alternative risk transfer tools such as insurance to manage loss and damage from slow-onset events in developing countries. In order to achi ...
The Cultural Revolution - Naval Postgraduate School
... the requirement of the contract, in order to ensure that the minimal requirement is met. Due to its concentration on price, it encourages the contractors and vendors to translate the minimum requirement to a maximum in attempts to lower the quality of the delivered product to gain the competitive ad ...
... the requirement of the contract, in order to ensure that the minimal requirement is met. Due to its concentration on price, it encourages the contractors and vendors to translate the minimum requirement to a maximum in attempts to lower the quality of the delivered product to gain the competitive ad ...
S1 File.
... Detailed explanation for assessing the level of evidence using the GRADE approach [1–5] Limitations in study design (Risk of bias) was assessed in the following domains: allocation concealment, blinding (participants and assessors), especially in the presence of subjective outcomes, attrition, selec ...
... Detailed explanation for assessing the level of evidence using the GRADE approach [1–5] Limitations in study design (Risk of bias) was assessed in the following domains: allocation concealment, blinding (participants and assessors), especially in the presence of subjective outcomes, attrition, selec ...
An Intelligent Early Warning System for Software
... software projects, only 26 percent of software projects are completed successfully, and only 72 percent of projects are completed at all, successfully or not. One of the main reasons behind this unfruitful development is that it is often too late to correct the problems by the time they are detected ...
... software projects, only 26 percent of software projects are completed successfully, and only 72 percent of projects are completed at all, successfully or not. One of the main reasons behind this unfruitful development is that it is often too late to correct the problems by the time they are detected ...
Risk management
Risk management is the identification, assessment, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities. Risk management’s objective is to assure uncertainty does not deflect the endeavor from the business goals.Risks can come from various sources: e.g., uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters as well as deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.Risk sources are more often identified and located not only in infrastructural or technological assets and tangible variables, but also in human factor variables, mental states and decision making. The interaction between human factors and tangible aspects of risk highlights the need to focus closely on human factors as one of the main drivers for risk management, a ""change driver"" that comes first of all from the need to know how humans perform in challenging environments and in face of risks (Daniele Trevisani, 2007). As the author describes, «it is an extremely hard task to be able to apply an objective and systematic self-observation, and to make a clear and decisive step from the level of the mere ""sensation"" that something is going wrong, to the clear understanding of how, when and where to act. The truth of a problem or risk is often obfuscated by wrong or incomplete analyses, fake targets, perceptual illusions, unclear focusing, altered mental states, and lack of good communication and confrontation of risk management solutions with reliable partners. This makes the Human Factor aspect of Risk Management sometimes heavier than its tangible and technological counterpart»Strategies to manage threats (uncertainties with negative consequences) typically include transferring the threat to another party, avoiding the threat, reducing the negative effect or probability of the threat, or even accepting some or all of the potential or actual consequences of a particular threat, and the opposites for opportunities (uncertain future states with benefits).Certain aspects of many of the risk management standards have come under criticism for having no measurable improvement on risk, whereas the confidence in estimates and decisions seem to increase. For example, it has been shown that one in six IT projects experience cost overruns of 200% on average, and schedule overruns of 70%.