A5042947427- Law, Economics, and Judicial Systems
- Medical Malpractice and Liability Issues
- Insurance and Financial Risk Management
- Healthcare Policy and Management
- Legal and Constitutional Studies
- Legal principles and applications
- Primary Care and Health Outcomes
- Healthcare cost, quality, practices
- Decision-Making and Behavioral Economics
- European and International Contract Law
- FinTech, Crowdfunding, Digital Finance
- Blockchain Technology Applications and Security
- Risk Perception and Management
- Legal Systems and Judicial Processes
- Economic and Environmental Valuation
- Legal Education and Practice Innovations
- Health Systems, Economic Evaluations, Quality of Life
- Criminal Law and Evidence
- Fibromyalgia and Chronic Fatigue Syndrome Research
- Economic, financial, and policy analysis
- Patient Satisfaction in Healthcare
- Free Will and Agency
- Long-Term Effects of COVID-19
- Housing, Finance, and Neoliberalism
- Digital Platforms and Economics
University of Pennsylvania
2014-2024
William Carey University
2011-2024
Institute of Genetics and Cancer
2023
University of Edinburgh
2023
William Penn University
2015-2022
Genesis HealthCare
2018
Genesis Healthcare
2018
University of Michigan
2015
University of Connecticut
2001-2013
University of Chicago
2007
Abstract Consumers are widely adopting Artificially Intelligent Voice Assistants (AIVAs). AIVAs now handle many different everyday tasks and also increasingly assisting consumers with purchasing decisions, making a rich topic for marketing researchers. We develop series of propositions regarding how consumer decision-making processes may change when moved from traditional online purchase environments to AI-powered voice-based dialogs, in the hopes encouraging further academic thinking...
Tens of millions people are currently choosing health coverage on a state or federal insurance exchange as part the Patient Protection and Affordable Care Act. We examine how well make these choices, they think do, what can be done to improve choices. conducted 6 experiments asking choose most cost-effective policy using websites modeled current exchanges. Our results suggest there is significant room for improvement. Without interventions, respondents perform at near chance levels show...
Automated financial product advisors – "robo advisors" are emerging across the services industry, helping consumers choose investments, banking products, and insurance policies. Robo have potential to lower cost increase quality transparency of advice for consumers. But they also pose significant new challenges regulators who accustomed assessing human intermediaries. A well-designed robo advisor will be honest competent, it recommend only suitable products. Because humans design implement...
American health care is in crisis because of exploding medical malpractice litigation. Insurance premiums for doctors and lawsuits are skyrocketing, rendering both afraid unable to afford practice medicine. Undeserving victims sue at the drop a hat, egged on by greedy lawyers, receive eye-popping awards that insurance companies, hospitals, struggle pay. The plaintiffs lawyers always win; doctors, nonlitigious, lose; affordable real victim. This, according Tom Baker, myth malpractice, as...
Shareholder litigation and class action suits play a key role in protecting investors regulating big businesses. But Directors Officers liability insurance shields corporations their managers from the financial consequences of many illegal acts, as evidenced by recent Enron scandal last year’s corporate meltdowns. Ensuring Corporate Misconduct demonstrates for first time how use to avoid responsibility misconduct, dangerously undermining impact securities laws. As Tom Baker Sean J. Griffith...
Abstract Selling insurance gives insurers an incentive to manage insured risks. The “insurance-as-governance” literature demonstrates that often make conditional on ex ante risk reduction or mitigation. But governs in support of enterprise, not security for its own sake. Tight underwriting inhibits enterprise—not only businesses but also the business insurance. This paper highlights post loss as a form insurance-based governance. Drawing interviews with industry insiders, we explore how...
Predictability in civil and criminal sanctions is generally understood as desirable. Conversely, unpredictability condemned a violation of the rule law. This paper explores predictability sanctioning from point view efficiency. It argued that, given constant expected sanction, deterrence increased when either size sanction or probability that it will be imposed uncertain. conclusion follows earlier findings behavioral decision research results an experiment conducted specifically to examine...
This article reports the results of a qualitative study personal injury lawyers in Connecticut. Building on an earlier Florida, “Transforming Punishment Into Compensation: In Shadow Punitive Damages” (Baker 1998), Connecticut describes and explores implications professional norms practices that govern tort settlement behavior. particular, it examines moral practical barriers to collecting “blood money” (money from individual defendants, as opposed liability insurance companies), well...
Abstract Whereas the literature evaluating effect of tort reforms has focused on impact insurers' reported incurred losses, this article examines ultimate effects using developed losses from a comprehensive sample insurers writing medical malpractice insurance 1984 to 2003. Noneconomic damages caps are particularly influential in reducing and increasing insurer profitability. The long‐run these greater than expected effects; for example, 5‐ 7‐year loss ratios below initially those years...
This article develops models that predict the incidence and amount of settlements for federal class action securities fraud litigation in post‐PLSRA period. We build hierarchical Bayesian using data come principally from Riskmetrics identify several important predictors settlement (e.g., number different types associated with a case, company return during period) market capitalization, measures newsworthiness). Our also allow us to estimate how circuit court case is filed as well industry...
Making good health insurance decisions is important for outcomes and longevity, but consumers’ errors are well documented. The authors examine whether targeted choice architecture interventions can reduce these mistakes. article examines the interaction of two tools on improved consumer in online care exchanges: (1) ordering options from best to worst based a high-quality user model (2) partitioning total set options. Although do not always improve choices separately, use one field study...
Abstract The insurance as governance literature focuses on the ability of private enterprises to collectively regulate, pool, and distribute risks. This paper analyzes how governments support markets maintain insurability limit risks society. We propose a new conceptual framework grouping government interventions into three dimensions: regulation risky activity, public investment in risk reduction, co‐insurance. apply this six case studies, describing markets' reliance more analytically...
<ns3:p>Background: People with myalgic encephalomyelitis/chronic fatigue syndrome (ME/CFS) experience core symptoms of post-exertional malaise, unrefreshing sleep, and cognitive impairment. Despite numbering 0.2-0.4% the population, no laboratory test is available for their diagnosis, effective therapy exists treatment, scientific breakthrough regarding pathogenesis has been made. It remains unknown, despite decades small-scale studies, whether individuals different types ME/CFS separated by...