TAHRİR DEFTERLERİNE GÖRE XVI. YÜZYILDA ÇORUMLU KAZASINDA (NEFS-İ ÇORUMLU) TEŞEKK

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We study the impact of loss-aversion and the threat of catastrophic damages, which we jointly call threshold concerns, on international environmental agreements. We aim to understand whether a threshold for dangerous climate change is as an effective coordination device for countries to overcome the global free-riding problem and abate sufficiently to avoid disaster. We focus on loss-averse cou...

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-Monetary policy operates in a different environment than it did a decade ago. Financial market innovations have eroded the distinctions among monetary assets, making the definition of money increasingly arbitrary. Deregulation of interest rates and banking activity is changing the behavior of the monetary aggregates, as banks pay interest on monetary assets and nonbanks offer monetary-like ass...

XVI. Miscellaneous

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The stock market crash of 1987 sent shock waves through the world's financial markets. Stock exchanges in New York, Chicago, London, Tokyo, Frankfurt, and a host of other cities suffered major declines. In response, credit markets, commodity markets, and foreign exchange markets registered sharp swings. Not since the Great Depression had the world seen such turmoil in financial markets. But, dr...

Xvi. Neurophysiology

At the time of the Quarterly Progress Report of April 15, 1958, I thought that no circuit could preserve error-free action if it were composed of 3 neurons, each receiving only 2 inputs. To correct this, let me replace the jot in any Venn symbol (1) by 1 if the jot is always present, by 0 if it is always absent, and by p if it is present with a probability p due to a shift of the threshold 0 of...