In our case, which we address in Section III, we show that even with a given technology and no potential for "real" substitution of fixed and variable factors of production (as in the Baseman model) firms may, through misestimation
(but not merely misallocation) of common costs, create Faulhaberian cross-subsidies.
The question of the potential for market failure is whether there is a difference in degree or in kind from the misestimation
risks facing insurance estimates for natural catastrophes, such that terrorism risks "require" a government solution.
In addition, a lack of this type of interchangeability can lead to misestimation
of the uncertainty of measurement of a patient's results (3).
pathology bias, confirmatory bias, hindsight bias, misestimation
of covariance, decision heuristics, false consensus effect, and over-confidence in clinical judgment).
IPAs are no identified) * Data only available for some years * Could reflect number of groups by size, specialty composition, or other characteristics Health Plans * Measures available at least back to 1990 (some InterStudy data available earlier) * Can be computed for all HMOs, or by type of HMO (IPA, group, staff, network, mixed models) * Measures do not capture non-HMO plans like PPOs, POS plans Health Plans * Only recently available and largely untested Misestimation
of Market Shares and Resulting HHI Errors, for Two Example HMO Markets Enrollment Total HMO 1 A.
As the subsequent results will show, even were one to assume that these errors biased our results, the bias is small compared to the misestimation
that is not attributable to the errors.
Following Lameroux and Lastrapes (1990), structural shifts in the unconditional variance may lead to misestimation
of the ARCH parameters resulting in too much implied persistence.
However, as the residual claimant on a bank's value, the value of common equity is most sensitive to market misestimation
, while claims on a fixed portion of the bank's cash flow--that is, debt--are less sensitive to misestimation
of risk can occur when actual bank financial instruments vary from the assumed hypothetical instrument's maturity.
The underlying cause for the earnings disruption stems primarily from a misestimation
of medical cost trends and an increase in provider instability.
This methodology mitigates biased coefficients and the misestimation
of the reserve components in the case that the determinants of nondiscretion and discretion are interrelated (Petroni, Ryan, and Wahlen, 2000).
These studies generally found that calorie estimates are more accurate as the calorie levels decrease; misestimation
typically follows a fairly linear pattern at intermediate levels, but responses become nonlinear as actual calories reach extreme levels.
Barack Obama "passed" the test of leadership into which he was forced by the "Runaway General" when he accepted McChrystal's resignation instead of just accepting his apology for his unfortunate words and misestimation
, as well as for his aides.
For these two examples, we believe we understand the mechanism leading to the differences by age: misestimation
of the value of one's home.
Kimmelman is dubious about the value of considering misestimation
of benefit a consequence of therapeutic misconception, pointing out that there are a variety of reasons why people might be wrong about the advantages of entering a research study.