Revisiting the Financial Crisis: The Effect of Credit Shocks on Bond Yields Ram Yamarthy∗ New York University Mark J. Bertus Prize Winner From the financial crisis‚ it was apparent that traditional indicators such as real activity and inflation were insufficient to explain spikes in bond yields. I discover the effect of credit indicators on bond yields by estimating a Gaussian six-factor affine model of term structure. One of these factors is a credit variable that I construct using a principal component
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Healthcare Research and Quality (2000)‚ “medical errors are responsible for injury in as many as 1 out of every 25 hospital patients; an estimated 48‚000-98‚000 patients die from medical errors each year. Errors in health care have been estimated to cost more than $5 million per year in a large teaching hospital‚ and preventable health care-related errors cost the economy from $17 to $29 billion each year”. In addition to the monetary cost of errors‚ the physical and psychological costs such as pain
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Basic Concepts of Error Analysis 1. Significant Figures: The laboratory usually involves measurements of several physical quantities such as length‚ mass‚ time‚ voltage and current. The values of these quantities should be presented in terms of Significant Figures as follows. For example‚ the location of the arrow is to be determined in Fig. 1. It is obvious that the location is between 1 cm and 2 cm. The correct way to express this location is to make one more estimate based on your intuition
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Abstract Medical errors and the quality problems to which they lead harm millions of Americans each year. If we are to reduce errors and improve quality substantially‚ we must create systems and care processes that anticipate inevitable human errors and either prevent them or compensate for them before they cause harm. Formidable barriers now stand in the way of progress. Success will require a multifaceted strategy‚ including public education‚ government investment and regulation‚ payment system
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Systematic Error Systematic error is a short phrase that is usually easy to find in the science classes. Usually‚ there are lots of different ways to define this phrase. So‚ what is the exact meaning of systematic error? Systematic error is one of the biases in measurement which could reduce the accuracy of the result of the measurement and cannot attribute to chance. Systematic error is a kind of bias in measurement. Literally‚ it leads to the situation where the mean of many separate measurements
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Medical Error: What the Public Should Know “For all of its strengths‚ our health care system still is plagued by avoidable errors.” -President Bill Clinton The issue of medical error is recognized as a very serious U.S. healthcare concern in terms of avoidable patient death and injury‚ achieving efficacious treatment‚ and in controlling the costs. The prevention of medical errors may seem to be a relatively simple task and with recent awareness‚ some improvements have been accomplished.
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Perceptual Errors in your Organisation and how will you correct them. 1) Prototypes:- Usually according to the group or profession you belong to‚ you are assumed to have certain characteristics‚ whether you have them or not. In our organisation‚ we have a team manager who has an impression of being unapproachable and unfriendly‚ only because of his position. Due to this reason none of the employees approach him for help‚ even though it might hurt productivity. Since a few colleagues and
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What is perceptual error in the employee selection process? Making snap decesions‚Halo effect‚Hiring people like oneself‚Stero typing‚makng assumptions‚ gathering insufficient or irrevalent information. Explain the perceptual process in perception? As I see it‚ things look differently from this angle or that. Depending on my position‚ the point-of-view will vary which tends to distort my ability to grasp the verity of the realm within. Staying in one place too long develops a stale and monotheistic
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Berman‚ A. (2004). Reducing medication errors through naming‚ labeling‚ and packaging. Journal of Medical Systems‚ 28(1)‚ 9-29. doi:http://dx.doi.org/10.1023/B:JOMS.0000021518.60670.10 This article talks about the different names of drugs that are similar and may cause medication errors in the healthcare field. Also‚ the article talks about many different ways to label and manufacture the medications so errors will be less. There are many different ways the pills look and are
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Trial and error is an experimental method of problem solving‚ repair‚ tuning‚ or obtaining knowledge. "Learning doesn’t happen from failure itself but rather from analyzing the failure‚ making a change‚ and then trying again." This approach can be seen as one of the two basic approaches to problem solving and is contrasted with an approach using insight and theory. However‚ there are intermediate methods which for example‚ use theory to guide the method‚ an approach known as guided empiricism.
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