The Hazard of Moral Hazard 09.01.09 - 12:00 AM | James K. Glassman When someone insures you against the consequences of a nasty event‚ oddly enough‚ he raises the incentives for you to behave in a way that will cause the event. So if your diamond ring is insured for $50‚000‚ you are more likely to leave it out of the safe. Economists call this phenomenon “moral hazard‚” and if you look around‚ you will see it everywhere. “With automobile collision insurance‚ for example‚ one is more likely to venture
Premium Risk Insurance
Marked by distressing‚ persistent anxiety or dysfunctional anxiety-reducing behaviors. Know the symptoms of and be able to differentiate between the different anxiety disorders: GAD‚ Panic disorder‚ phobias‚ OCD‚ PTSD GAD – (Generalized anxiety disorder) A person is unexplainably and continually tense and uneasy. Panic Disorder – a person experiences sudden episodes of intense dread Phobias – a person feels irrationally and intensely afraid of a specific object or situation. OCD – (Obsessive compulsive
Premium Schizophrenia Mental disorder Cognitive behavioral therapy
misunderstand. There is still a nuclear problem. There are environmental problems. But there is defference between a problem and panic. The next time you find yourself in midst of some hysteria‚ remember that tulip craze that swepr Holland thre centuries ago‚ an orgy of panicked financial speculation in which land and house and gold where all traded for…. Tunnips. At mania peak‚ a single semper Augustus tulip cpuld fetch 20 town houses. In the old Soviet Union‚ which routinely rewrote and rearrange
Premium Soviet Union
Teen Crashes Live Session Student Name: Yasmary Diaz Date of Session: October 5‚ 2013 at 11:00 Teachers: Mrs. Anglada‚ and Ms. Schackow Directions: Answer each question using 3-5 complete sentences. 1. What did you learn about Teen Crashes? I learned statistics about Teen Crashes such as‚ that in 2009 8 Teens die every day due to Motor Vehicle Crashes. 44% of all leading causes for Teen deaths are Motor Vehicles‚ that’s more than any other cause. Most car crashes‚ one out of three are
Free Automobile Driving Blood alcohol content
Controlling Irrational Fears After 9/11 Article Analysis The premise for the author’s argument is that America’s high level of panic after 9/11 was actually excessive in relation to the number of deaths. The conclusion is that Americans actually aided the success of the terrorists by giving in to their desire to shake us up so badly. The author’s second premise is that our country’s misguided response to 9/11 was to start throwing money around in the hope of preventing further attacks. The
Premium September 11 attacks United States Al-Qaeda
1. Phenelzine (Nardil) - antidepressant‚ monoamine oxidase inhibitor. -Indicated for use: depression in patients who have failed other modes of therapy (tricyclic antidepressants‚ SSRIs‚ SSNRIs‚ or EC therapy). -also used in: panic disorder‚ social anxiety disorder -Action: inhibits the enzyme monoamine oxidase‚ resulting in accumulation of various neurotransmitters (dopamine‚ epinephrine‚ norepinephrine‚ and serotonin) in the body. -Therapeutic effects: improvement in mood for depressed patients
Premium Antidepressant Selective serotonin reuptake inhibitor Serotonin
a major panic broke out on the inter-bank loan market. As share and housing prices declined many large and well established investment and commercial banks in the United States and Europe suffered huge losses and even faced bankruptcy‚ resulting in massive public financial assistance. 2.0 FINANCIAL CRISIS The term financial crisis is applied broadly to a variety of situations in which some
Premium Financial crisis Economics Recession
quite different’’ (Banerjee‚ 1992). In economics and in general in everyday life‚ people’s decisions are influenced by those of others around them. Herd behavior and informational cascades have been used to explain many social phenomena‚ such as manias‚ panics‚ financial and currency crises‚ bank runs‚ etc‚ as well as other economic phenomena like the failure of agents to adopt the most efficient technology. 2. Benefits of herd behavior are in many cases. For example‚ when people know and already
Premium Observation Individual Person
which is 508.32 points‚ 22.6% or $ 500 billion lost in one day. The largest one-day percentage drop in history. Causes Potential causes for the decline include “program trading‚ overvaluation‚ illiquidity and market psychology. In early 1987‚ Panic set in and people started dumping stock and do not care their losses were‚ the high volume of selling to forcing the price down to the Dow plummet to 508.32 (22.6% ) in one single day. As people began the mass exodus out of the market‚ the computer
Premium Stock market Wall Street Crash of 1929
Blessing by Imtiaz Dharker Poetry Essay In this assignment I will write about how life in other cultures in the poems “Blessing” by Imtiaz Dharker and “An old woman” by Arun Kolkata. “Blessing” by Imtiaz Dharker is a poem set in Asia. The people of the slum suffer in terrible conditions‚ the poet describes the reactions of people in the village when a water pipe bursts and shows how precious it is to them. “An old woman” by Arun Kholkatur is a poem also set in Asia. It is about an old
Premium English-language films Poverty Plumbing