Insurer ambiguity and market failure

A series of studies investigate the decision processes of actuaries, underwriters, and reinsurers in setting premiums for ambiguous and uncertain risks. Survey data on prices reveal that all three types of these insurance decision makers are risk averse and ambiguity averse. In addition, groups appear to be influenced in their premium-setting decisions by specific reference points such as expected loss and the concern with insolvency. This behavior is consistent with a growing analytical and empirical literature in economics and decision processes that investigates the role that uncertainty plays on managerial choices. Improved risk-assessment procedures and government involvement in providing protection against catastrophic losses may induce insurers to reduce premiums and broaden available coverage.This article is part of a larger effort supported by the National Science Foundation on The Role of Insurance, Compensation, Regulation, and Protective Behavior in Decision Making about Risk and Misfortune. We greatly appreciate the many helpful comments and suggestions by our colleagues on the project: Jon Baron, Colin Camerer, Neil Doherty, Jack Hershey, Eric Johnson, and Paul Kleindorfer. Support from NSF Grant #SES8809299 is gratefully acknowledged.     

Stress and Unemployment: A Comparative Review and Research Model of Female and Male Managers

This paper presents a multifaceted approach to unemployment stress experienced by male and female managers, in the form of a literature review and comparative research model. In order to develop a working model which can be applied to both male and female managers, the paper covers a substantial range of the literature pertaining to the processes and effects of unemployment for managers. Previous studies often provide conflicting data which generally results from differential approaches taken to the study of unemployment. In addition, it is important to note that the majority of studies focus on blue-collar male workers and that the vast majority are based on a male model of work. The proposed model highlights sources of stress, moderators of stress and stress outcomes that may affect unemployed managers, and distinguishes areas in which gender differences are likely to be found. However, these differences are only hypothesized from the current literature and require in-depth research if they are to be fully understood.     

Gender and the Japanese puppet theatre

The manifestation of gender in the Japanese puppet theatre is also a study of men who depict male and female roles. The visual sociologist must take into consideration the intermeshing and communication of voice (tayu), with music (shamisen player) and puppeteers on stage in the dramaturgy of roles and their enactment. The researcher explores aspects of front and backstage as we learn about male and female role making and taking. It could be argued that women are fictionalized, idealized and subject to stylization, while men are allowed to be more free in their depiction of emotional variation. At the same time there is a long tradition of gender interpretation which contains sexual ambiguities and varied meaning levels. This research addresses the masked and unmasked aspects of the Bunraku theatre and the ways that maleness and femaleness can be visually and verbally conceived.     

A Pilot for Improving Depression Care on College Campuses: Results of the College Breakthrough Series–Depression (CBS-D) Project

Abstract

Objective: To implement a pilot quality improvement project for depression identification and treatment in college health. Participants: Eight college health center teams composed primarily of primary care and counseling service directors and clinicians. Methods: Chronic (Collaborative) Care Model (CCM) used with standardized screening to identify, treat, and track depressed students for 12 weeks to monitor predetermined process and clinical outcomes. Results: Of all students receiving primary medical care services between January 2007 and May 2008, 69% (n = 71,908) were screened for depression. A total of 801 depressed students were treated and tracked; most predetermined treatment process and clinical outcome targets were achieved. Conclusion: The CCM for depression shows promise for improving depression identification and care for college students.     

Readers Comment

Abstract

Cardiac patients frequently experience anxiety and depression as major responses to a life-threatening event. Well-timed intervention by the social worker can assist in alleviating these responses and enhance psychological well-being by the use of counselling and other therapeutic techniques. Two case-studies are presented illustrating the range of work undertaken in a comprehensive approach to working with patients in both the acute and rehabilitation phases of cardiac crisis.     

Using a stress audit: The construction site manager experience in the UK

Abstract

The aim of this study was to conduct a stress audit among construction industry site managers in the UK as a precursor to a stress management intervention programme. Qualitative data were obtained from in-dept interviews with a total of 36 male middle and senior construction site managers; and aquantitative data were obtained by questionnaire. Based on the analysis of 561 postal quenstionnaires, eight stressor factors were identified, most significantly, ambiguity (i.e. role and task). Job satisfaction levels were low compared to a normative population and influenced by grade level. Measures of mental health were similar to the norm for males, but both grade of management and type of contract affected mental health. Anxiety levels were signficantly high, independent of managerial grade. The stress of work overload and role insecurity (fear of failure) were associated with reduced mental health and high anxiety, and the stress of the organizational culture and climate was the strongest predictor of job dissatisfaction. There was some cause for concern for the vulnerable high-risk groups, i.e. the extreme type A and those working overtime. Medical data from a small subset of managers (n = 78) revealed that this group evidenced a better quality of psychological health than the group in total; but a high percentage of personnel had high levels of triglycerides and cholesterol. Recommendations for action focused on the needs of specific subgroups, and guided the organization on the acceptability of possible interventions at individual, interpersonal and organizational levels.     

Making Meanings,Meaning Identity: Hmong Adolescent Perceptions and Use of Language and Style as Identity Symbols

Using qualitative interview data gathered from 28 Hmong adolescents, we examined the meaning ascribed to language and style and how language and style behaviors are used to distinguish identity. We found that the participants used language and style to define their own ethnic group membership and cultural identities. Moreover they inferred meaning from these identity behaviors to discern which peer groups are desirable (those who wear American style clothing and are bilingual) and which are of low social status (“fobby” style clothing and monolingual). The cultural identity symbols used by participants reveal heterogeneity among Hmong adolescent peer groups and evolving definitions of what it means to be Hmong in America.     

Attachment issues and the cocaine exposed dyad

Through the theoretical lens of attachment theory, the relationship between substance abusing parents and their children exposed prenatally to drugs is explored. Attachment theory, the quality of attachment, attachment classifications, internal working models of attachment, and correlates of attachment classifications are discussed. Case studies of two schoolaged children exposed prenatally to cocaine are presented and interpreted in light of attachment theory set within a social-ecological perspective. Implications for practice and the use of federal policy for this population are explored.     

The formula funding controversy at the national endowment for the arts

This article explores how nonprofit organizations respond to proposed changes in the relationship between the government and the nonprofit sector using a case study of the “formula funding” controversy at the National Endowment for the Arts (NEA). The article shows how powerful notions of who should get to decide permeate and continually transform the funding debate, making public interest reforms of the process extremely difficult. The author concludes by suggesting that the victories the arts field can claim in defending the current practice of peer panel review at the NEA will turn out to be Pyrrhic victories, ultimately weakening the claim of the nonprofit arts on public resources.