Risk management for saving people`s life

“the effect of risk aversion on the demand for life insurance: the case of iranian life insurance market”

abstract: about 60% of total premium of insurance industry is pertained?to life policies in the world; while the life insurance total premium in iran is less than 6% of total premium in insurance industry in 2008 (sigma, no 3/2009). among the reasons that discourage the life insurance industry is the problem of adverse selection. adverse selection theory describes a situation where the inf...

Risk Management and Saving: On Income Effects and Background Risk

We study the interplay of intertemporal risk management and saving decisions. We define risk management broadly by allowing the activity to influence the severity of loss, the probability of loss, or both simultaneously. Due to the similar cost-benefit structure of risk management and saving decisions a substitution effect arises whose implications are analyzed for changes in income and backgro...

Saving, Risk Sharing and Preferences for Risk

Saving decisions are made jointly by household members who generally earn risky incomes. Consequently, to interpret saving patterns it is crucial to analyze the relationship between intrahousehold risk sharing and intertemporal choices. To that end in this paper the household is characterized as a group of agents with possibly heterogeneous preferences making efficient decisions. Two results ar...

Thank you for saving my life.

Life-saving or life-threatening? Prehospital thoracostomy for thoracic trauma.

A bus was involved in a roll-over road traffic accident. Most occupants were ejected from the vehicle. Primary triage revealed 9 dead, 1 P4 (unsalvageable), 5 P1 (immediate life threat) and 30 less severely injured patients. Two prehospital doctors performed a secondary triage, provided medical supervision and performed critical care interventions where necessary. A young man initially triaged ...