scholarly journals Optimal Stopping and Utility in a Simple Modelof Unemployment Insurance

Risks ◽  
2019 ◽  
Vol 7 (3) ◽  
pp. 94
Author(s):  
Jason S. Anquandah ◽  
Leonid V. Bogachev
Keyword(s):  
Simple Model ◽  
Unemployment Insurance ◽  
Optimal Stopping ◽  
Point Of View ◽  
Call Option ◽  
Optimal Stopping Problem ◽  
Optimal Decisions ◽  
Key Issues ◽  
The Unemployed ◽  
New Jobs

Managing unemployment is one of the key issues in social policies. Unemployment insurance schemes are designed to cushion the financial and morale blow of loss of job but also to encourage the unemployed to seek new jobs more proactively due to the continuous reduction of benefit payments. In the present paper, a simple model of unemployment insurance is proposed with a focus on optimality of the individual’s entry to the scheme. The corresponding optimal stopping problem is solved, and its similarity and differences with the perpetual American call option are discussed. Beyond a purely financial point of view, we argue that in the actuarial context the optimal decisions should take into account other possible preferences through a suitable utility function. Some examples in this direction are worked out.

Remembering From-the-Outside

2018 ◽  
Author(s):  
Christopher McCarroll
Keyword(s):  
Empirical Evidence ◽  
Point Of View ◽  
Philosophical Analysis ◽  
Visual Perspective ◽  
Observer Perspective ◽  
The Status ◽  
Key Issues ◽  
Way Of Thinking

This chapter sets out some key issues related to a philosophical analysis of point of view in memory. It does so by looking at examples of psychological, philosophical, and literary accounts of the phenomenon, as well as examples of the author’s own observer perspective memories. The chapter provides an overview of some of the empirical evidence related to visual perspective in memory. Despite these consistent empirical findings, however, a number of doubts and misconceptions about remembering from-the-outside still linger, especially concerning the status of observer perspectives in memory. This chapter outlines some of the skepticism to the possibility of remembering from-the-outside and points to a possible diagnosis of why such skepticism arises. This chapter points to a way of thinking about memory—to be developed through the course of the book—which eases the worries about remembering from-the-outside.

scholarly journals On a simple optimal stopping problem

1973 ◽  
Vol 5 (4) ◽  
pp. 297-312 ◽  
Author(s):  
William M. Boyce
Keyword(s):  
Optimal Stopping ◽  
Optimal Stopping Problem

A Note on a Lower Bound for the Multiplicative Odds Theorem of Optimal Stopping

2014 ◽  
Vol 51 (03) ◽  
pp. 885-889 ◽  
Author(s):  
Tomomi Matsui ◽  
Katsunori Ano
Keyword(s):  
Lower Bound ◽  
Optimal Stopping ◽  
Secretary Problem ◽  
Bernoulli Trials ◽  
Optimal Stopping Problem ◽  
Maximum Probability ◽  
Optimal Stopping Rule ◽  
Optimal Probability ◽  
Optimal Stopping Theory ◽  
Special Case

In this note we present a bound of the optimal maximum probability for the multiplicative odds theorem of optimal stopping theory. We deal with an optimal stopping problem that maximizes the probability of stopping on any of the last m successes of a sequence of independent Bernoulli trials of length N, where m and N are predetermined integers satisfying 1 ≤ m < N. This problem is an extension of Bruss' (2000) odds problem. In a previous work, Tamaki (2010) derived an optimal stopping rule. We present a lower bound of the optimal probability. Interestingly, our lower bound is attained using a variation of the well-known secretary problem, which is a special case of the odds problem.

Material deprivation and employment status in post-transition: Evidence from North Macedonia

SEER ◽  
2021 ◽  
Vol 24 (1) ◽  
pp. 135-152
Author(s):  
Dimitar Nikoloski
Keyword(s):  
Labour Market ◽  
Capital Accumulation ◽  
Employment Status ◽  
Material Deprivation ◽  
Point Of View ◽  
Work Intensity ◽  
Active Labour ◽  
Underlying Causes ◽  
The Unemployed ◽  
Adjustment Mechanisms

Poverty and social exclusion are often associated with unemployment, but being employed is not always sufficient to provide decent living conditions for workers and their families. In this context, the aim of this article, drawing on SILC micro data, is to assess the underlying causes of severe material deprivation in North Macedonia from the point of view of employment status, particularly the differences between employed and unemployed workers. The results show that employed workers face a much greater risk of severe material deprivation if they are positioned in the so-called secondary labour market; while the unemployed with low capital accumulation and those living in households with low work intensity face the highest risks of all. North Macedonia’s adjustment mechanisms do help cushion the consequences, but the article concludes with several policy recommendations for additional action to reduce severe material deprivation covering: education and training; active labour market policies; unionisation and collective bargaining; wage subsidies and taxation; and a statutory minimum wage.

The Optimal Stopping Problem

1969 ◽  
pp. 87-145
Author(s):  
Evgenii B. Dynkin ◽  
Aleksandr A. Yushkevich
Keyword(s):  
Optimal Stopping ◽  
Optimal Stopping Problem
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