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Institution

New York University

EducationNew York, New York, United States
About: New York University is a education organization based out in New York, New York, United States. It is known for research contribution in the topics: Population & Poison control. The organization has 72380 authors who have published 165545 publications receiving 8334030 citations. The organization is also known as: NYU & University of the City of New York.


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TL;DR: In this paper, the authors examine the regulatory implications of behavioral economic insights and propose a principle for developing and evaluating regulatory policies that they term "asymmetric paternalism," which benefits those who would otherwise make poor decisions, but imposes little or no costs on those who behave optimally, and explore the application of this principle to several specific sources of flawed decision making identified by behavioral economics in such diverse areas as retirement savings, consumer protection, and family law.
Abstract: This paper examines the regulatory implications of behavioral economic insights. The central effect of behavioral economics in the legal literature to date has been to challenge the premise of formal economic theory that individuals understand their preferences and work to maximize these preferences. Behavioral economics has gathered increased attention in the economic analysis of law because of its demonstration that individual decisionmaking is prone to numerous biases and heuristics, and that as a result individuals may not act to realize their best interests. Part of the enthusiasm for behavioral economics in the legal literature has come from the apparent compatibility of the behavioral insights with proposals for paternalistic regulation. By pointing out some of the ways that human behavior falls short of perfect rationality, behavioral economics can potentially expand the scope of beneficial paternalistic policies that constrain individual choice. However, such policies should be implemented cautiously, given differences in opinion about what behaviors are irrational and concerns about costs imposed on people who are rational. In response to these concerns, we propose a principle for developing and evaluating regulatory policies that we term "asymmetric paternalism." Asymmetrically paternalistic regulations benefit those who would otherwise make poor decisions, but impose little or no costs on those who behave optimally. As such, they challenges both opponents and supporters of regulation by setting forth a disciplined set of criteria by which to judge the costs and benefits of regulatory proposals. The article explores the application of this principle to several specific sources of flawed decision making identified by behavioral economics in such diverse areas as retirement savings, consumer protection, and family law, and suggests examples of already existing regulations in these fields that seem to embody the principle of asymmetric paternalism.

936 citations

Journal ArticleDOI
TL;DR: The dispersion relations are solved for waves guided by a thin, lossy metal film surrounded by media of dielectric constant and both radiative waves can be interpreted as spatial transients, which could have physical significance near a transverse plane.
Abstract: The dispersion relations are solved for waves guided by a thin, lossy metal film surrounded by media of dielectric constant ${\ensuremath{\epsilon}}_{1}$ and ${\ensuremath{\epsilon}}_{3}$. For symmetric structures (${\ensuremath{\epsilon}}_{1}$=${\ensuremath{\epsilon}}_{3}$), there are the usual two Fano modes whose velocity and attenuation vary with film thickness. For very thin films, one of these modes can attain multicentimeter propagation distances when \ensuremath{\lambda}g1 \ensuremath{\mu}m. In addition, there are two leaky waves which correspond to waves localized at the ${\ensuremath{\epsilon}}_{1}$ (or ${\ensuremath{\epsilon}}_{3}$) dielectric-metal interface whose fields decay exponentially across the metal film and radiate an angular spectrum of plane waves into ${\ensuremath{\epsilon}}_{3}$ (or ${\ensuremath{\epsilon}}_{1}$, respectively). Both radiative waves can be interpreted as spatial transients, which could have physical significance near a transverse plane. When ${\ensuremath{\epsilon}}_{1}$\ensuremath{ e}${\ensuremath{\epsilon}}_{3}$, there are still four distinct solutions for a given film thickness, two radiative and two nonradiative. For lossy films, there are always two nonradiative solutions for thick enough films. As the thickness goes to infinity, the four solutions reduce to two waves, each radiative and nonradiative pair becoming degenerate. The physical interpretation of these solutions and their dependence on dielectric constant and wavelength are discussed.

936 citations

Journal ArticleDOI
TL;DR: In this article, the authors investigated the relationship between financial and social performance in SRI funds and found a curvilinear relationship, suggesting that two long-competing viewpoints may be complementary.
Abstract: A central and contentious debate in many literatures concerns the relationship between financial and social performance. We advance this debate by measuring the financial–social performance link mutual funds that practice socially responsible investing (SRI). SRI fund managers have an array of social screening strategies from which to choose. Prior studies have not addressed this heterogeneity within SRI funds. Combining modern portfolio and stakeholder theories, we hypothesize that the financial loss borne by an SRI fund due to poor diversification is offset as social screening intensifies because better-managed and more stable firms are selected into its portfolio. We find support for this hypothesis through an empirical test on a panel of 61 SRI funds from 1972 to 2000. The results show that as the number of social screens used by an SRI fund increases, financial returns decline at first, but then rebound as the number of screens reaches a maximum. That is, we find a curvilinear relationship, suggesting that two long-competing viewpoints may be complementary. Furthermore, we find that financial performance varies with the types of social screens used. Community relations screening increased financial performance, but environmental and labor relations screening decreased financial performance. Based on our results, we suggest that literatures addressing the link between financial and social performance move toward in-depth examination of the merits of different social screening strategies, and away from the continuing debate on the financial merits of either being socially responsible or not.

936 citations

01 Nov 2014
TL;DR: In this paper, research criteria for subjective cognitive decline in individuals with unimpaired performance on cognitive tests may represent the first symptomatic manifestation of Alzheimer's disease (AD) are presented.
Abstract: There is increasing evidence that subjective cognitive decline (SCD) in individuals with unimpaired performance on cognitive tests may represent the first symptomatic manifestation of Alzheimer's disease (AD). The research on SCD in early AD, however, is limited by the absence of common standards. The working group of the Subjective Cognitive Decline Initiative (SCD-I) addressed this deficiency by reaching consensus on terminology and on a conceptual framework for research on SCD in AD. In this publication, research criteria for SCD in pre-mild cognitive impairment (MCI) are presented. In addition, a list of core features proposed for reporting in SCD studies is provided, which will enable comparability of research across different settings. Finally, a set of features is presented, which in accordance with current knowledge, increases the likelihood of the presence of preclinical AD in individuals with SCD. This list is referred to as SCD plus.

935 citations

Journal ArticleDOI
TL;DR: An international multidisciplinary team of 29 members with expertise in guideline development, evidence analysis, and family-centered care is assembled to revise the 2007 Clinical Practice Guidelines for support of the family in the patient-centered ICU.
Abstract: Objective:To provide clinicians with evidence-based strategies to optimize the support of the family of critically ill patients in the ICU.Methods:We used the Council of Medical Specialty Societies principles for the development of clinical guidelines as the framework for guideline development. We a

935 citations


Authors

Showing all 73237 results

NameH-indexPapersCitations
Rob Knight2011061253207
Virginia M.-Y. Lee194993148820
Frank E. Speizer193636135891
Stephen V. Faraone1881427140298
Eric R. Kandel184603113560
Andrei Shleifer171514271880
Eliezer Masliah170982127818
Roderick T. Bronson169679107702
Timothy A. Springer167669122421
Alvaro Pascual-Leone16596998251
Nora D. Volkow165958107463
Dennis R. Burton16468390959
Charles N. Serhan15872884810
Giacomo Bruno1581687124368
Tomas Hökfelt158103395979
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Performance
Metrics
No. of papers from the Institution in previous years
YearPapers
2023245
20221,205
20218,761
20209,108
20198,417
20187,680