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Investment banks that in recent years regarded their own apparently precise risk assessments as trustworthy may have thought they were operating in conditions of Knightian risk, where they could judge the odds of future outcomes.
Once the banks recognized those assessments were inadequate, however, they understood that they were operating in conditions of Knightian uncertainty — and may have held back from making trades or providing capital, further slowing the economy as a result.
The paper presents the fatigue damage accumulation model created to analyse fatigue life of structure elements operating in conditions of multiaxial, non-proportional low-cycle loadings.
Grice defines unrelativized value "in Aristotelian style [as] whatever would seem to possess such value in the eyes of a duly accredited judge; and a duly accredited judge might be identifiable as a good person operating in conditions of freedom".
Although the Iranian women's movement is operating in conditions of extreme repression and lack of political space, their advantages - namely, their sophisticated understanding of how nonviolent movements succeed against violent opponents and their ability and willingness to use their skills tactically - outweigh the obvious disadvantages.
For example, if we hold that only people who are operating in conditions of full information and ideal rationality are fully autonomous, we risk making autonomy into an unrealizable ideal.
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Human beings are fundamentally programmed to operate in conditions of intensity for short periods, and then achieve a resolution and relief.
The use of such fluids would allow the engine to operate in conditions of maximum power.
Dark networks are therefore designed to operate in conditions of intense cascade pressure.
The conventional protection might mal-operate in condition of external fault at the beginning of adjacent line.
For an institution of such might, which last year loaned 5,000 objects to more than 300 venues, it has long operated in conditions worthy of a Carry On film.
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