Rothschild and Stiglitz, Part I

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Ashley Hodgson

Ashley Hodgson

Күн бұрын

Пікірлер: 13
@meghanfranco4987
@meghanfranco4987 6 жыл бұрын
This is fantastic, thank you!! This series is saving me in this homework set!
@alessandrosevera3859
@alessandrosevera3859 2 жыл бұрын
Fantastic channel!!!! Perfect!!!!
@niccolocontini9413
@niccolocontini9413 Жыл бұрын
Thank you!
@matiasmunoz2344
@matiasmunoz2344 Жыл бұрын
Fantastic😭🙏
@sencanboz2645
@sencanboz2645 3 жыл бұрын
2:59 till 3:01. 3:14 What is our future like There is a definite correlation or causality between the number of accidents that are finally registered and the amount of premium for insurance that customers pay to insurers. She is basically telling you more than, much more than that. I add herself a bit to interprete a country's wealth accumulation into that table as following. Also welfare and well-being as well as performance and labour as a social status quo. The table simply ilustrates or reveals everything that you have to know, and I mean it so by everything about the social status among populations. One might observe it by traveling around the world and putting into consideration luxury car brands in worth of common currencies that are literally passing by along the streets or highways - and with it the nationwide insurance system, and how its been working so far. All in all, like using the table as an illustration point, the world's economical futuristic output the professor is probably telling you about. Oh, my gush! In other words, we hold it in our hands, folks. When the shit hits the fan some guys run and other guys stay facing the futuristics foretelling. Here is my theory as foreseen in tomorrow. Unfortunately, the reality is right now another one reflecting upon the point C on the table that is beyond 40k (the shaded area) in an accident state. An inverse line rather derives from that, a stretched out line mascara. A perfect rectangular shaped box rather. However, I wish pareto optimum coordinates (37k/40k*) would settle upon the point A. In that case, payout far outweighs premium for insurance I would rather conclude. In case of an accident and paid premium for insurance, you had your car simply repaired for only a total of maximum 3k after accident, no matter what size of damage done to it. You were still insured and safe. An example would be of Germany's vehicle insurance procedures that I know well beyond unknown characteristics. You will be charged just once. Having no accident at all over the years of driving experience means that you still have 37k left over at your account or worth of your car at present value after paying premium for insurance. In contrast, in case you have no insurance at all, you are worse off. For repair you have to pay 25k on your own, given that the repair costs as much as it. No compensation from the principal you will get, not even a dime. For example, in Germany usually you pay a much tinier fraction of a total common wealth accumulation in relation to the benefit you get. A great benefit cause of a common wealth country, including Germany. Nevertheless, there is always the other side of the coin. For example, moral hazard usually evolves from luxury: I call it population wealth vs individual wealth related to social stratification. For example, say, if a state of chaos arises from a crime rate that is gradually becoming higher and higher, wealth will probably be diminishing to less than overall 37k as illustrated here. Higher premium for insurance you pay tomorrow for the reason of unnoticed violation. It causes the insurance companies to select adversely, to be bias and to make up for losses, though. However, what most companies do is that they nowadays prefer 'less compensation with easy repair' to 'actual compensation with smart repair'. You may call it a transitional state towards an unforseen future of a nation shaping the habits and behavior of young adults. This way customers don't have to pay more premium after an accident. Actually, the reason why and how they handle those situations in emergency, I guess with some setbacks though. This is also illustrated with the point C* on the table, as opposed to the point D. Keep an eye on it. Despite of indescrepancies, point D should have been prevailing over C cause of depreciation after repair. The fact is that easy and costless repair leading to "k" beyond initial amount of 40 - point C inherently dominates point D on the graph. Bubble and bubble and bubble bursting one day, forseeably. An example of it would be a car that is damaged is more worth than that car undamaged. Another example would be that a car is more worth after a repair. Also you get more benefits if a repair has been handled not just on the counter, moonlighting (the point F on the table.). There are even more similar examples that negatively reflect on our well-being as to common wealth, social stratification, prestige, social status, income, etc. - or even predicting our future in common. I am basically going to tell you by that, markets are being dominated by a large group of people or even by some bias nations. So some day you and I are going to be victims of that violation in one way or another. It will probably last generations after and our fate will so be shaped either. Unbelievable.. .. but true! Simple facts but far-reaching inclinations she is probably implying or concluding with. 🤷 There are for sure solutions out there to be implemented. One worth attempt of avoidance of violations might be using for payments bank cards instead of paying cash. For example, candidates associated with the point B on the table should get higher incentives and get rewarded, drivers with perfect driver experience records - those still unware cause they are unique. In addition, the more significant issue would be to hire more administrative staff (as controlleurs) in order to prevent illegal traffic of all kind. Honestly, it hasn't got nearly the same effect as if a driver passes through red lights (dozens of times) unseen or unware of - government spending especially so during pandemic moments in contrast has, I ll tell you. Spending should have been more precarious and more so effectively allocated, and not just so randomly or lightheadedly! One thing I know for sure is that all that money owed needs to be paid back to their original owner some day (or maybe not, who knows?), whether you believe or not. I guess they ve spent approximately 6 trillion us dollars on europe covid track by now. A six with 12 zeros (in Euros) behind it, your honor. I wish you could have spent a tiniest fraction of it on my tuition fees for my masters. 🥴🤗 * Depreciation after repair not included
@maya6588
@maya6588 3 жыл бұрын
Thank you so much!
@REcloudnest
@REcloudnest 4 жыл бұрын
clean and clear.
@Themojii
@Themojii 5 жыл бұрын
Amazing!
@trungngo8940
@trungngo8940 2 жыл бұрын
thank you. SIUUUU
@mikebejjani8408
@mikebejjani8408 6 жыл бұрын
thank you so much!!
@virensud5024
@virensud5024 7 жыл бұрын
Yeah... thats not really a perfectly square box :/ On a more serious note, this video is awesome! Really helpful... thank you so much! :D
@tonywang8924
@tonywang8924 5 жыл бұрын
Thank you so much.
@shahrzadtarrahi2041
@shahrzadtarrahi2041 5 жыл бұрын
Thank you so much!
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