Too heavy to save or be saved

Too heavy to save or be saved.

An alternative to QALYs: the saved young life equivalent (SAVE)

Quality adjusted life years (QALYs) are based on the concept that the effectiveness of a health care programme is greater the more significant the health improvements it provides, the longer the patients get to enjoy the improvements, and the more patients who are helped.'`4 The concept is put into practice in the so called health status index approach: life years in different states of illness...

Too Small to Be Saved — Competitive Effects of an Asymmetric Bail-out Policy†

This paper analyzes the effects of a “too-big-to-fail” policy, modelled as a higher bail-out probability from the government for some bank, on the behavior of the privileged bank as well as on the remaining banking sector. Contrary to conventional wisdom, the impact on the large bank’s risk-taking is shown to depend on the opacity of banks, i. e., the particular information structure of the mod...

Can Game Theory Be Saved? Can Game Theory Be Saved?

Game-theoretic analysis is a well-established part of the toolkit of economic analysis. In crucial respects, however, game theory has failed to deliver on its original promise of generating sharp predictions of behavior in situations where neoclassical microeconomics has little to say. Experience has shown that in most situations, it is possible to tell a game-theoretic story to …t almost any p...

Can Marriage be Saved?

A growing number of social scientists fear that marriage may be on the rocks and few doubt that matrimony, as we have known it, has undergone a wrenching period of change in the past several decades. Andrew Cherlin, a leading sociologist of the family, speaks of "the de-institutionalization of marriage," conceding a point to conservative commentators who have argued that marriage and the family...