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For those families, financial problems have escalated, and they may pose some collective risks to the economy.
Thoughtful hub strategies will create effective ways to share economic value, manage collective risks, and sustain the networks and communities we all ultimately depend on.
Aside from its merits in illuminating our understanding of the collective risks involved, it enables us to evaluate whether conventional deterministic analysis works sufficiently well in guiding us.
Future research might use measures of perceptions of more global, collective risks in addition to local, individual risks to further test variations in scale associated with mitigation.
Such risks may accrue for both individuals and groups, and both individual and communal protections may be warranted, as well as careful reflection for how to adjudicate between individual and collective risks [ 21].
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Collective Risk and Distributional Equity in Climate Change Bargaining.
Social Security, Medicare, insurance — these are basically collective risk-sharing mechanisms.
Large scale rainfall models are needed for collective risk estimation in flood insurance, infrastructure networks and water resource management applications.
Social Security, Medicare, insurance these are basically collective risk-sharing mechanisms.
Adaptation planning, in particular, should be viewed as a collective risk management task.
In the next round of collective risk-sharing, eurozone states are supposed to guarantee deposits in each others' banks.
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