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Since the expected gains from the loan contract are a function of both the pricing and the probability of repayment, when lenders can't distinguish good borrowers from bad borrowers, all borrowers would be charged the same interest rate that reflects their pooled experience.
Laurent and Catherine Saillard, both of whom are French, have the pooled experience of Bouley, Balthazar, Alain Ducasse and Pastis in their restaurant pasts.
Study data was obtained from the MarketScan Medicaid Multi-State Database ® (2003 2009) which contained the pooled experience of 12 million Medicaid enrollees from 12 geographically dispersed U.S. states.
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The World Health Organization has created an informal network of clinicians to pool experience and knowledge, develop a clinical database, and share infection control experiences.
You give it a little tending and everyone who participates benefits, because you pool experiences and resources.
Although experienced animals can lead others to solve problems, less is known about whether partially informed individuals can pool experiences to overcome challenges collectively.
Grass-roots groups like the Incremental Development Alliance are forming to pool experience and share wisdom among small developers, but they face an uphill battle, not a level playing field.
Because the swimmer struggles less to breathe, she can concentrate on her stroke and swim better, and generally have a more comfortable pool experience.
One day, our company developed a set of products and services that offered Rosemary all she needed to enjoy her pool experience.
Finally, someone had brought joy to Rosemary's pool experience and she moved from the gym to the water for her winter exercise.
My wife's 43-hour labor resulted in an emergency C-section, so the calm birthing pool experience we hoped for never happened.
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