Sentences with phrase «decision under risk»

The observations in his REStat paper are artefacts of a specific theory of decision under risk (Subjective Expected Utility) and (to boot) a specific functional form for one of the great universe of underlying functions possible in the SEU framework (logarithmic utility of outcomes, which is unbounded both below and above... a very special case in the universe of possible utilities of outcomes).

«Prospect Theory: An Analysis of Decision under Risk.»

The study, titled «Prospect Theory: An Analysis of Decision under Risk,» found that loss aversion «expresses the intuition that a loss of $ X is more aversive than a gain of $ X is attractive... for example, most respondents in a sample of undergraduates refused to stake $ 10 on the toss of a coin if they stood to win less than $ 30.»

Not exact matches

These risks and uncertainties include, among others: the unfavorable outcome of litigation, including so - called «Paragraph IV» litigation and other patent litigation, related to any of our products or products using our proprietary technologies, which may lead to competition from generic drug manufacturers; data from clinical trials may be interpreted by the FDA in different ways than we interpret it; the FDA may not agree with our regulatory approval strategies or components of our filings for our products, including our clinical trial designs, conduct and methodologies and, for ALKS 5461, evidence of efficacy and adequacy of bridging to buprenorphine; clinical development activities may not be completed on time or at all; the results of our clinical development activities may not be positive, or predictive of real - world results or of results in subsequent clinical trials; regulatory submissions may not occur or be submitted in a timely manner; the company and its licensees may not be able to continue to successfully commercialize their products; there may be a reduction in payment rate or reimbursement for the company's products or an increase in the company's financial obligations to governmental payers; the FDA or regulatory authorities outside the U.S. may make adverse decisions regarding the company's products; the company's products may prove difficult to manufacture, be precluded from commercialization by the proprietary rights of third parties, or have unintended side effects, adverse reactions or incidents of misuse; and those risks and uncertainties described under the heading «Risk Factors» in the company's most recent Annual Report on Form 10 - K and in subsequent filings made by the company with the U.S. Securities and Exchange Commission («SEC»), which are available on the SEC's website at www.sec.gov.

When faced with a crisis, emerging leaders have an opportunity to showcase their ability to assess a situation calmly, make decisions under pressure, take calculated risks, rally others around them, and persevere in the face of adversity.

Under this initiative, senior Company human resources, compliance, credit, and legal personnel compiled and analyzed extensive information about the Company's incentive plans, including plan documents, eligibility criteria, payout formulas and payment history, and held extensive interviews with business line managers to understand how evaluation of business risk affects incentive plan performance measures and compensation decisions.

In the March 2009 article entitled «Expert Financial Advice Neurobiologically «Offloads» Financial Decision - Making under Risk», Jan Engelmann, Monica Capra, Charles Noussair and Gregory Berns investigate the neurobiological basis of the influence of expert advice on financial decisions via functional Magnetic Resonance Imaging monitoring of individuals choosing between a certain payment and a lottery, with and without expert advice.

The important macro self - disciplines for each are common denominators — the importance of risk management, decision making under uncertainty, position (bet) sizing, and the list goes on and on.

In the end, it all comes back to education: In the ideal world, a parent's decision about whether to allow a child to start playing or continue playing collision sports before high school under current rules of play (which are evolving in the direction of safety, fortunately, as seen, for instance, in USA Hockey's ban on body checking at the Pee Wee hockey level and below, and limits on full - contact practices instituted at every level of football, from Pop Warner, to high school, college, and the NFL), will be a conscious one; a decision in which the risks of participating in a particular sport - provided it is based on the most up - to - date information about those risks and a consideration of other risk factors that might come into play for their child, such as pre-existing learning disabilities (e.g. ADHD), chronic health conditions (e.g., a history of history of multiple concussions or seizures, history of migraines), or a reckless and overly aggressive style of play - are balanced against the benefits to the child of participating.

This clarification was necessitated when our Global Council, on behalf of IBFAN, had to take a strategic decision whether or not and under what conditions IBFAN should participate in two new initiatives by UNICEF and WHO, WHO NetCode, and the UNICEF Breastfeeding Advocacy Initiative, both receiving funding from the BMGF, which has direct links and gets its returns from the baby food industry and also engages with entities such as the Global Alliance for Improved Nutrition (GAIN) that create situations of risk of conflicts of Interest in infant and young child feeding.

I am under no illusions about the significant political risks both parties in the Coalition are now taking by now facing up to these difficult decisions in government.

Yesterday the University and Colleges Union said London Metropolitan University's decision to cut 70 % of its courses in a bid to maintain financial sustainability reflected a wider risk to courses and departments under threat.

«I am under no illusions about the significant political risks both parties in the coalition are now taking by now facing up to these difficult decisions in government.»

His main research interests are in the development and application of probabilistic concepts and methods to civil and marine engineering, including: structural reliability; life - cycle cost analysis; probability - based assessment, design, and multi-criteria life - cycle optimization of structures and infrastructure systems; structural health monitoring; life - cycle performance maintenance and management of structures and distributed infrastructure under extreme events (earthquakes, tsunamis, hurricanes, and floods); risk - based assessment and decision making; multi-hazard risk mitigation; infrastructure sustainability and resilience to disasters; climate change adaptation; and probabilistic mechanics.

Toward the very end of the escape, when there was very little energy left, participants had to make a very difficult decision: whether to rescue an injured person trapped under a heavy cabinet risking their own lives, or run for the exit ignoring the individual's cries for help.

Doug Reeves suggests that leaders start the conversation with a discussion of the principles on which all stakeholders can agree; make clear what will not change under the new grading policy; be accurate in their risk analysis; and engage in systems thinking to reframe the grading debate from «my grading policies for my classroom» to a collegial responsibility for the decisions of every teacher and administrator in the system.

It is a significant risk that LAs are very concerned about, since the deficit will have arisen as a result of school decisions under delegated responsibility, and it is extremely difficult to stop a school overspending in the period before joining a MAT.

The important macro self - disciplines for each are common denominators — the importance of risk management, decision making under uncertainty, position (bet) sizing, and the list goes on and on.

Therefore, if you adhere to investing under the principles of intrinsic value, you will be making sound and intelligent decisions that provide a margin of safety and compensate you for the risk you take.

Understanding the key business relationships, and who ultimately bears the risks for significant assets under development, is important for your investment decision.

For many portfolio managers, the decision to own the FANGs is not an investment decision, but a risk management decision — as in, the risk to relative performance and risk to assets under management.

Remember: Anything you predefine, before entering a trade, is going to be more logical and objective, and thus profitable over the long - run, than any decision you make whilst in a live trade, under the influence of your hard - earned money being at risk.

The food safety risks have been documented in a study relied on by the New Mexico Attorney General in reaching his decision that products of horse slaughter are not safe for human consumption and illegal under state law.

If you have kids under five years old and you're thinking about adopting a small mammal like a hamster or gerbil, you might consider postponing this decision since many small mammals present a risk of Salmonella.

Accepting as I do that there is a possibility but not certainty of very severe outcome leads to the problem of quantification and to the problem of decision making under great uncertainty applying also risk aversion (or precaution).

The foundational work on the psychology of decision - making under uncertainty has been collected into several volumes: «Judgment Under Uncertainty: Heuristics and Biases,» by Daniel Kahneman, Paul Slovic, and Amos Tversky (Cambridge, 1982), «Choices, Values, and Frames,» by Daniel Kahneman and Amos Tversky (Cambridge, 2000), «Heuristics and Biases,» by Thomas Golovich, Dale Griffin, and Daniel Kahneman (Cambridge, 2002), and «The Perception of Risk,» by Paul Slovic (Earthscan, 2under uncertainty has been collected into several volumes: «Judgment Under Uncertainty: Heuristics and Biases,» by Daniel Kahneman, Paul Slovic, and Amos Tversky (Cambridge, 1982), «Choices, Values, and Frames,» by Daniel Kahneman and Amos Tversky (Cambridge, 2000), «Heuristics and Biases,» by Thomas Golovich, Dale Griffin, and Daniel Kahneman (Cambridge, 2002), and «The Perception of Risk,» by Paul Slovic (Earthscan, 2Under Uncertainty: Heuristics and Biases,» by Daniel Kahneman, Paul Slovic, and Amos Tversky (Cambridge, 1982), «Choices, Values, and Frames,» by Daniel Kahneman and Amos Tversky (Cambridge, 2000), «Heuristics and Biases,» by Thomas Golovich, Dale Griffin, and Daniel Kahneman (Cambridge, 2002), and «The Perception of Risk,» by Paul Slovic (Earthscan, 2000).

This technical document contributes to frame the challenge of dealing with extreme weather and climate events as an issue in decision - making under uncertainty, analyzing response in the context of risk management.

This document contributes to frame the challenge of dealing with extreme weather and climate events as an issue in decision - making under uncertainty, analyzing response in the context of risk management.

We make decisions under uncertain circumstances to mitigate risk all the time.

I find NO references in either thread or in Weitzman to the last twenty years of formal decision - theoretic work on models of decision under uncertainty (as opposed to risk).

The panel is charged by the United Nations with reviewing research to create periodic reports on climate risks, documents that are often used by governments to guide decisions, and its every conclusion is being dissected under a microscope.

This notwithstanding, I wholeheartedly agree with Gavin that these kinds of probabilistic projections aren't appropriate for risk analysis and decision making under uncertainty and won't be for a long time.

This decision illustrates a significant gap in coverage under a crime policy for these types of cyber risks.

Sam Glover: Let's talk about that, because you really broke this down in detail, that, for example, the way we process and make risk decisions, the way we deal with risk is kind of weird when we are under stress.

«Central to this appeal is whether Mr. Badesha and Ms. Sidhu face a substantial risk of torture or mistreatment in India that would render their surrenders unjust or oppressive under s. 44 (1)(a)» of the Extradition Act, wrote Justice Moldaver in a unanimous 9 - 0 decision at the Supreme Court.

50 In those circumstances, it is apparent that there is no risk of conflicting decisions as mentioned in paragraph 47 above, since the provisional decision taken by the court before which the interim proceedings have been brought will not in any way prejudice the decision to be taken on the substance by the court having jurisdiction under Article 22 (4) of Regulation No 44/2001.

If the privilege is available, advantages of asserting the privilege include that the client may be prevented from making statements in a civil proceeding that could be used against him or her in future criminal or civil proceedings or private civil litigation.82 In addition, testifying in a civil or criminal proceeding may, under certain circumstances, amount to a waiver of the Fifth Amendment privilege for purposes of the same proceeding and any future proceedings.83 Conversely, risks of asserting the privilege include that adverse inferences may, under certain circumstances, be drawn in civil or administrative proceedings from an individual's assertion of Fifth Amendment rights in a prior civil or administrative proceeding.84 Moreover, an individual's assertion of the privilege in a civil proceeding could factor into law enforcement's charging decisions.

I don't think you risk extreme sanctions for attempting to preserve evidence in good faith, but your decision how to preserve that evidence must be an informed decision appropriate under the circumstances.

Its obligations under the Directives, and their relevant confines, were quite clear, and — in the absence of knowing the actual reason for this policy decision — the best that may be said is that the defendant decided to run the risk, which was significant, knowing of its existence... I conclude with little hesitation that the defendant's breach is so serious that, subject to the final issue of causation, it must pay compensation to the claimant under the Francovich principle.»

Under the new system, refugee claimants in Canada will face accellerated timelines, limited recourse for negative decisions, and restrictive access to safety nets including Humanitarian and Compassionate Consideration and Pre-Removal Risk Assessment.

Lord Kerr identified that in light of the Divisional Court holding that the government was no legal obligation to fund a resettlement, the feasibility study's conclusions had to be capable of sustaining the Foreign Secretary's decision that the risk of the government coming under pressure to meet the cost of, and to permit the resettlement of the Chagossians was such that they had to refused the right to return to their homes.

This decision, where MB's James Tomlinson and Garett Harper successfully represented the intervener Canadian Defence Lawyers, reaffirms the jurisprudence surrounding waivers in Ontario and confirms that waivers are still an effective means of managing risk for occupiers who also meet the definition of «supplier» under the CPA.

«The Tsleil - Waututh does not have a declaration of [Aboriginal] title yet, but basically they are employing their own laws and Independent Assessment and came up with a decision, under their own laws they would not grant them access because it causes a great risk,» said Nicole Schabus, a Thompson River University law professor, in an interview.

In a key sentencing decision handed down this year, the United States Supreme Court held that the Ex Post Facto Clause is violated when a defendant is sentenced under provisions of the Federal Sentencing Guidelines promulgated after he committed the crime and those new provisions result in an increased risk of greater punishment.

Accordingly, hospitals will want to adopt best practices in not only responding to FIPPA requests but, equally importantly, in (a) cleansing existing files on or before December 31, 2011, subject to legislative record - keeping requirements; and (b) educating all staff including the Board of Directors, as to how they should conduct business under the FIPPA regime, particularly with respect to expenses, procurement and decision - making relating to hospital services, in order to avoid any reputational risks.

Consumers have not experienced identical savings under the transition from no - fault to tort — what people pay for auto insurance still varies by company and depends on individual risks and purchasing decisions.

Employers want to make informed hiring decisions and mitigate their hiring risks without over - or under - doing it.

JPMorgan Chase NA, Phoenix • AZ 2010 — 2011 Home Lending Direct CD Loan Processor Senior Provided sound recommendations and key decisions to upper management concerning clients under performance potential and risk assessment and discussed with clients actions plans to resolve delinquency.

The annual and quarterly data for 2010/11 reflect the first full financial year under the new risk of significant harm threshold and the Structured Decision Making tools implemented on 24 January 2010 as part of the Keep Them Safe Reforms.

The Best Practice Principles apply in all cases involving family violence or child abuse (or the risk of either) in proceedings before courts exercising jurisdiction under the Family Law Act, and provide useful background information for decision makers, legal practitioners and individuals involved in these cases.