Murat C. Mungan

Law enforcement with rent dissipation

Abstract We consider a framework which brings together losses arising from rent-dissipation and the workhorse model of law enforcement. Governmental actors engage in a contest to share the proceeds from the enforcement of the law through monetary fines, which leads to rent-dissip...

The Undertesting Bias in Clinical Decision Making: The Role of Test Dichotomization

Threshold models, formalized by Pauker and Kassirer, guide clinical decisions about testing and treatment by partitioning pretest probabilities into three action zones using two threshold pretest probabilities: the test threshold and the test-treatment threshold. This derivation...