How should we reduce the costs of crime?

How should we discount the costs of financial distress?*

Practitioners and academics usually discount expected future costs of financial distress using a government bond yield, and sometimes using the firm’s own cost of debt. We argue that this practice is wrong and that it underestimates the true present value of distress costs, because distress is more likely to happen when other assets perform poorly. Thus, the costs of financial distress must be ...

How Should We Teach Simulation ?

This paper deals with the issue of how one can teach simulation in the most time-efficient way. We first distinguish between different types of student as regards their background and future needs. We next look at reasons for studying simulation at a business school. Next we compare animation oriented simulators with simulation languages. We then study a list of desirable criteria for simulatio...

How should we define health?

Machteld Huber senior researcher, J André Knottnerus president, Scientific Council for Government Policy , Lawrence Green editor in chief, Oxford Bibliographies Online—public health , Henriëtte van der Horst head , Alejandro R Jadad professor , Daan Kromhout vice president, Health Council of the Netherlands , Brian Leonard professor , Kate Lorig professor , Maria Isabel Loureiro coordinator for...

How should we set priorities?

How should we manage incidentalomas?

The patient-centered medical home model advocates that diagnostic testing be performed based on shared decision making between the patient and physician.1 This goal can be challenging when findings are uncertain or incidental to the original reason for ordering the test. For this reason, it would be useful for physicians to have guidelines to help address the ethical, practical, and legal impli...