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Default Options (default + option)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting60%

Selected Abstracts

Prudent evidence-fettered shared decision making

JOURNAL OF EVALUATION IN CLINICAL PRACTICE, Issue 2 2010
Elizabeth (Libby) Bogdan-Lovis MA
Abstract In its brief tenure evidence-based medicine (EBM) has proven to be a powerful magnet for criticism, while at the same time it has demonstrated impressive resilience. Located within the ongoing critical discourse surrounding the strengths and weaknesses of an EBM approach is the persistent question of the proper place of the social sciences relative to other disciplinary perspectives. This article considers one way the social sciences might usefully illuminate EBM-mediated human interactions to influence policy. We focus on the ethical nexus of the human impulse for unlimited consumption of health care resources in those situations where there exist competing clinical management options and suggest strategies for resource-preserving shared decision making. We conclude that a frugal default option is a fruitful avenue for future exploration in such situations. [source]

Pricing and Capital Allocation for Multiline Insurance Firms

JOURNAL OF RISK AND INSURANCE, Issue 3 2010
Rustam Ibragimov
We study multiline insurance companies with limited liability. Insurance premiums are determined by no-arbitrage principles. The results are developed under the realistic assumption that the losses created by insurer default are allocated among policyholders following an,ex post, pro rata, sharing rule. In general, the ratio of default costs to expected claims, and thus the ratio of premiums to expected claims, vary across insurance lines. Moreover, capital and related costs are allocated across lines in proportion to each line's share of a digital default option on the insurer. Our results expand and generalize those derived elsewhere in the literature. [source]

The case for frugal default options in patient,doctor communication

JOURNAL OF EVALUATION IN CLINICAL PRACTICE, Issue 2 2010
Angela Fagerlin PhD
No abstract is available for this article. [source]

The value of mortgage prepayment and default options

THE JOURNAL OF FUTURES MARKETS, Issue 9 2009
Yong Chen
We use an implicit alternating direction numerical procedure to estimate the value of a fixed-rate mortgage (FRM) with embedded default and prepayment options. The value of FRMs depends on interest rates, the house value, and mortgage maturity. Our numerical results suggest that the joint option value of prepayment and default is considerably high, even at loan origination. We extend the model to include prepayment penalties in FRM valuation. © 2009 Wiley Periodicals, Inc. Jrl Fut Mark 29:840,861, 2009 [source]

Don't Judge a Superannuation Default Investment Option by Its Name

AUSTRALIAN ACCOUNTING REVIEW, Issue 3 2010
Gerry Gallery
With the massive decline in savings arising from the Global Financial Crisis (GFC), it is timely to review superannuation fund investment and disclosure strategies in the lead-up to the crisis. Accordingly, this study examines differences among superannuation funds' default investment options in terms of naming and framing over three years from 2005 to 2007, as presented in product disclosure statements (PDSs). The findings indicate that default options are becoming more alike regardless of their name, and consequently, members may face increasing difficulties in distinguishing between balanced and growth-named default options when comparing them across superannuation funds. Comparability is also likely to be constrained by variations in the framing of default options presented in investment option menus in PDSs. These findings highlight the need for standardisation of default option definitions and disclosures to ensure descriptive accuracy, transparency and comparability. [source]