I Suggest in This Paper Both to Drop the Terms "Bureaucracy", "Bureaucratic Conduct" As Analytical Concepts, and to Avoid Writing Models Upon Models Around These Words, Models That Are Not Anchored in Facts. Instead, the Suggestion Made Is to Concentrate on the Facts and Try to Explain Why We...

This Article Investigates the Practice of Experience Rating by Insurance Companies in the Presence of Symmetric Information Between the Insured and the Insurer. Experience Rating Is Treated As the Acquisition of Information by Both Parties to the Insurance Contract. When the Insured Buys...

The concept of Ambiguity designates those situations where the information available to the decision maker is insufficient to form a probabilistic view of the world. Thus, it has provided the motivation for departing from the Subjective Expected Utility (SEU) paradigm. Yet, the formalization of...