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QUESTION FROM JOHN: Your article talks about the cumulative effect of lots of small impacts.
The aggregate effect of lots of jitters is said to be a "wobble", which, if uncontrolled, leads to a "meltdown".
Given the prevalence of excessive leverage, procyclical risk models and illiquid assets, the effect of lots of different institutions trying to reduce their own risk was in fact to increase systemic risk.Another problem was that variations in the quality of risk management among different institutions became clear only when disaster struck.
Competition suits customers, but it also carries the risk that clearing-houses will water down standards on the amount of margin they demand, for instance to win deals.That feeds worries about the other effect of lots more clearing: a new concentration of risk.
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Care must also be exercised because of the higher imprecision of the evaluated assay and the greater effect of lot-to-lot reagent variation at low troponin concentrations.
Table 3.2 Effect of lot quality (% defective in a lot) on the probability of acceptance for different 2-class sampling plans (based on EC, 1998).
Such a strategy would, however, need to be carefully implemented owing to the high imprecision of the assay and greater effect of lot-to-lot reagent variation at low troponin concentrations.
And we'll start to see ripple effects of lots of places doing labeling, doing these kinds of tax policies.
In terms of people taking those things away from what I say in my stand-up, I think that's more from the cumulative effects of lots of comedians doing it.
> -wrap-foot> When a new model was developed that included the four variables identified in both studies (t5, cc2, i3 and tB), an adverse effect of both Lot 1 and Lot 2 was identified (Fig. 3B; P < 0.05).
A valid concern, however, when your brand and product identity are clear it has the effect of attracting lots of different customers to you, not alienating them.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com