Settling for second best?
نویسندگان
چکیده
منابع مشابه
Settling for second best: when should doctors agree to parental demands for suboptimal medical treatment?
BACKGROUND Doctors sometimes encounter parents who object to prescribed treatment for their children, and request suboptimal substitutes be administered instead (suboptimal being defined as less effective and/or more expensive). Previous studies have focused on parental refusal of treatment and when this should be permitted, but the ethics of requests for suboptimal treatment has not been explo...
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Structured Abstract Purpose-This paper evaluates the comparative progress of Asda in the UK since its surprise takeover by Wal-Mart in 1999. Wal-Mart expected to become the #1 retailer in the UK and many commentators saw massive problems ahead for local retailers. These expectations were not met; this paper investigates why. Design/Methodology/Approach-Asda's progress is considered through a br...
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Non-linear probability weighting is an integral part of descriptive theories of choice under risk such as prospect theory. But why do these objective errors in information processing exist? Should we try to help individuals overcome their mistake of overweighting small and underweighting large probabilities? In this paper, we argue that probability weighting can be seen as a compensation for pr...
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In the economic and political science literature on constitutional choice and constitutional design, David Hume is almost invariably associated with a master principle of design that is congenial to rationalactor approaches. I shall call this the knavery principle. As Hume put it, "in contriving any system of government, and fixing the several checks and controuls of the constitution, every man...
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Land can be inefficiently allocated when attempts to assemble separately-owned pieces of land into large parcels are frustrated by holdout landowners. The existing land-assembly institution of eminent domain can be used neither to gauge efficiency nor to determine how to compensate displaced owners adequately. We take a mechanism-design approach to the assembly problem, formalizing it as a mult...
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ژورنال
عنوان ژورنال: International Journal of Retail & Distribution Management
سال: 2011
ISSN: 0959-0552
DOI: 10.1108/09590551111109076