Therefore, holding opinions based on unchecked assumptions
may lead to ineffective habits in mind and in practice, yet these habits remain normal to an unsuspecting person.
History is replete with examples of assumptions
that were neither tested and validated nor balanced with a branch plan to execute if the assumptions
do you find most employees focus on?
In this short interchange, the physician made several assumptions
that limited him from taking action.
Other critical assumptions
in this category appear directed at maintaining key legal factors within certain parameters, e.
The FRB/US model is designed so that alternative assumptions
can be made about the scope of information that households and firms use in forming expectations and the speed with which they revise their expectations on the basis of new information.
As a result, the choices made by doctors and patients reflected, even more than they do today, a set of cultural negotiations shaped by widely shared assumptions
(and generally lower expectations) concerning health and disease.
For the years 1989 through 1993, retirees covered by the pension plan have outlived the assumptions
of mortality used to calculate the additional funding needed to fund fully the plan in 1988.
1) Early in our careers as medical students and residents, our supervising physicians continuously test our assumptions
Many critical assumptions
underlie rate changes--assumptions
such as loss development factors, loss cost trends, factors to convert historical premiums to current premiums, projected investment income, and assumed underwriting expenses.
One should be able to clearly see what the different assumptions
are, why the modelers put them there, and what data support them.
As you'll see I prepared the budgeted quarterly income statement with several initial assumptions