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.
You give it a little tending and everyone who participates benefits, because you pool experiences and resources.
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.
IF Russians of a certain age pooled their experiences of childhood in the Soviet Union, their collective memory would include the first time they saw a film by Alexandr Ptushko.
They're coming for nightclubs, restaurants, and bar and pool experiences, and when they travel, they tend to stay in these boutique hotels".
Social networks play a key role in adaptive governance, as these often self-organize and pool experiences and knowledge to shape change (27).
Recent findings [ 32] suggest that approximately 23% of calves in US operations that fed pooled MC experienced FPT compared with 70% of calves fed the pooled MC in this study.
Following an AE, 41.2% of patients in the pooled cohort experienced a period on a modified dose of pirfenidone.
A group of French villages with names like Filthy Pig and My Bottom have formed a league of the absurd to pool their experiences as the butts of jokes.
If further proof is needed, here's an Agence France-Presse report that appeared in The New York Times in October: "A group of French villages with names like Filthy Pig and My Bottom have formed a league of the absurd to pool their experiences as the butts of jokes.
