Public health budget constraints force policy makers to prioritize resources toward those interventions that yield the highest perceived benefits. Intuitively, it appears optimal to focus resources on affordable interventions against prevalent diseases. However, due to the dynamics of infectious...

We show how to use the method of maximum likelihood estimation (MLE) to fit a second-order parametric distribution conditioned on a single explanatory variable to data. To illustrate the method, we demonstrate how a second-order log-normal distribution, conditioned on the population served, can...

Appropriate characterization and valuation of the health risks specific to children is important for effective environmental health risk management. This paper highlights the typical information provided by risk analysts about risks to children and the information needs of economic analysts....

No Abstact.

Deep and shallow uncertainty are defined and contrasted with regard to messaging the uncertainty about climate change. Deep uncertainty is often traced back to the writings of Frank Knight, where in fact it simply meant subjective probability. Although Knight envisioned a scientifically grounded...

Recent events in the financial and insurance markets, as well as the looming challenges of a globally changing climate point to the need to re-think the ways in which we measure and manage catastrophic and dependent risks. Management can only be as good as our measurement tools. To that end,...

It is known that observations from any censored life (or competing risk) process can be described by a random censoring (or independent risk) model. On the other hand it is impossible to verify that the censoring is really random. A class of age-dependent censoring processes are defined and the...