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Lower Loss (lower + loss)
Selected AbstractsOvercompensation as a Partial Solution to Commitment and Renegotiation Problems: The Case of Ex Post Moral HazardJOURNAL OF RISK AND INSURANCE, Issue 4 2004M. Martin Boyer In a Costly State Verification world, an agent who has private information regarding the state of the world must report what state occurred to a principal, who can verify the state at a cost. An agent then has what is called ex post moral hazard: he has an incentive to misreport the true state to extract rents from the principal. Assuming the principal cannot commit to an auditing strategy, the optimal contract is such that: (1) the agent's expected marginal utility when there is an accident (high- and low-loss states) is equal to his marginal utility when there is no accident; (2) the lower loss is undercompensated, while the higher loss is overcompensated; and (3) the welfare of the agent is greater under commitment than under no-commitment. Result 2 is contrary to the results obtained if the principal can commit to an auditing strategy (higher losses underpaid and lower losses overpaid). The reason is that by increasing the difference between the high and the low indemnity payments, the probability of fraud is reduced. [source] Effects of cultivar, root weight, storage and boiling on carbohydrate content in carrots (Daucus carota L)JOURNAL OF THE SCIENCE OF FOOD AND AGRICULTURE, Issue 3 2005E Margareta G-L Nyman Abstract The effects of cultivar (n = 4), root weight (n = 4), storage (5 months) and boiling (7 min) and their interactions on the content of dry matter and carbohydrates were studied and ranked in carrots. Boiling had the greatest effect and had an influence on all variables except the ratio between sucrose and the monosaccharides glucose and fructose. The choice of cultivar was also of great importance as regards glucose, fructose and sucrose content, while dietary fibre and dry matter were much less affected, or even unaffected, by this factor. Root weight and storage were consistently of less significance than boiling and cultivar. Thus dietary fibre solubility, fructose content and the ratio between sucrose and the monosaccharides glucose and fructose were independent of the root weight, while storage had no impact on the dry matter content. After storage the cultivar Lonto had lost more dry matter than the other cultivars (10% versus mean 1% for the others, P = 0.009) and the sugar ratio between sucrose and the monosaccharides glucose and fructose had increased in the cultivar Amarant, while it decreased in the other cultivars (P < 0.001). Furthermore, Amarant had a lower loss of sugars (35%) following boiling than the other cultivars (mean 39%, P = 0.002). Storage and boiling interacted concerning soluble and insoluble dietary fibre, fibre solubility and glucose content. It is concluded that the various factors (especially boiling and cultivar) gave rise to such differences in carbohydrate content and composition that they might be of nutritional importance. The results may thus provide a basis for selecting raw material when studying possible health effects of carrots. Copyright © 2004 Society of Chemical Industry [source] Patterns of glaucomatous visual field defects in an older population: the Blue Mountains Eye StudyCLINICAL & EXPERIMENTAL OPHTHALMOLOGY, Issue 4 2003Anne J Lee BSc(Med) MB BS Abstract This report aims to describe the frequency of different patterns of visual field loss in open-angle glaucoma (OAG). The Blue Mountains Eye Study examined 3654 persons (aged 49+) during 1992,1994. Humphrey supra-threshold visual fields were performed in 88.9%. Those classified as glaucoma suspects had 30,2 full-threshold fields (9.2%). Of OAG cases (n = 108) with field tests in both eyes (n = 97), unilateral defects were present in 49 (50.5%) and bilateral in 48 (49.5%). Advanced field loss was found in 16 (15.4%) subjects and in 22 (10.9%) eyes, with bilateral loss present in 6 (6.2%) cases. Of all eyes of OAG cases (n = 201), 49 (24.4%) had no defects, 52 (25.9%) upper, 61 (30.3%) lower, and 17 (8.5%) had combined upper and lower loss. Of the upper and lower cases (n = 113), the types of defects included nasal step (36), arcuate (26), nasal plus arcuate (26), and hemispherical defects (25). Of subjects with fields in at least one eye (n = 104), there was a similar proportion in the worse eye of upper defects (28.8%), lower (31.7%), and combined upper and lower (24.0%). Undiagnosed OAG was more frequent in unilateral (65.3%) than bilateral (34.7%) cases (P = 0.003). This study reports the pattern of typical glaucomatous field loss in an older Australian population. [source] Effect of hot air treatments on senescence and quality parameters of harvested broccoli (Brassica oleracea L var Italica) headsJOURNAL OF THE SCIENCE OF FOOD AND AGRICULTURE, Issue 7 2005María L Costa Abstract Treatments with hot air were applied to broccoli (Brassica oleracea L) florets to investigate the effect on several quality and senescence parameters. To select the optimum treatment, florets were treated with different combinations of time/temperature ranging from 1 to 3 h and 37 to 50 °C and then placed in darkness at 20 °C. Most treatments delayed yellowing and loss of chlorophylls, except those performed at 37 °C, which accelerated senescence. Treatment at 48 °C for 3 h caused the highest delay in chlorophyll loss and was chosen to analyse its effect on quality and senescence. Non-treated florets showed yellowing and reduced their chlorophyll content during storage. Heat treatment delayed the onset of chlorophyll catabolism by 1 day and slowed down the rate of degradation. Treated florets also showed lower losses of total sugars and proteins and an inhibition of protein solubilisation. Control heads showed an increment in CO2 production, which was not detected in heat-treated florets. Total antioxidants decreased and thiobarbituric acid-reactive substances (TBARS) increased during storage. The treatment delayed the decrease in antioxidant content and inhibited the increment in TBARS. In conclusion, treatment at 48 °C for 3 h delayed broccoli senescence at 20 °C and contributed to maintaining an overall better quality of the product. Copyright © 2005 Society of Chemical Industry [source] Impact of modified acidic soft drinks on enamel erosionORAL DISEASES, Issue 1 2005T Attin Objective:, To evaluate the enamel erosive potential of modified acidic soft drinks under controlled conditions in an artificial mouth. Materials and methods:, From each of 144 bovine incisors one enamel sample was prepared. Labial surfaces of the samples were ground flat, polished and covered with adhesive tape, leaving an exposed area. The samples were distributed among four (A,D) groups for treatment with A: Coca-Cola, B: Sprite; C: Sprite light, D: orange juice. Either 1.0 mmol l,1 calcium (Ca) or a combination (comb.) of 0.5 mmol l,1 calcium plus 0.5 mmol l,1 phosphate plus 0.031 mmol l,1 fluoride was added to the beverages. Samples of each group were subdivided into three subgroups (-original; -Ca and -comb.) for treatment with original and modified drinks. De- and remineralization cycles were based on a standard protocol described earlier. Surface loss of the specimens was determined using profilometry after test procedure. Results:, In all subgroups, loss of enamel was observed. The enamel loss recorded for the samples rinsed with original Sprite and original orange juice was significantly higher compared with all other solutions (P = 0.001). Lowest enamel loss was recorded for the original Coca-Cola group (P = 0.001). With the exception of Coca-Cola, demineralization with the modified beverages led to significantly lower losses compared with the respective original solutions. Conclusion:, Modification of the test soft drinks with low concentrations of calcium or a combination of calcium, phosphate and fluoride may exert a significant protective potential with respect to dental erosion. [source] A new class of coherent risk measures based on p -norms and their applicationsAPPLIED STOCHASTIC MODELS IN BUSINESS AND INDUSTRY, Issue 1 2007Zhiping Chen Abstract To exercise better control on the lower tail of the loss distribution and to easily describe the investor's risk attitude, a new class of coherent risk measures is proposed in this paper by taking the minimization of p -norms of lower losses with respect to some reference point. We demonstrate that the new risk measure has satisfactory mathematical properties such as convexity, continuity with respect to parameters included in its definition, the relations between two new risk measures are also examined. The application of the new risk measures for optimal portfolio selection is illustrated by using trade data from the Chinese stock markets. Empirical results not only support our theoretical conclusions, but also show the practicability of the portfolio selection model with our new risk measures. Copyright © 2006 John Wiley & Sons, Ltd. [source] | ||||||||||