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He said these were the only companies that were insulated from country-specific economic shocks.
"We did some work on firms that were insulated from takeovers, and what effect that had on real behavior," Mr. Mullainathan said.
Credit unions have billed themselves as conservative safe havens that were insulated from risky business like subprime and commercial real estate lending.
This was a condition only seen to such an extent in the West in industries that were insulated from market forces.
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Both are in locations that are insulated from the market, in Georgia and South Carolina.
Most look out onto a garden in the interior courtyard that is insulated from the clamor outside.
"We run all of this stuff through non-profit organisations that are insulated from having to disclose donors.
They are supposed to be a kind of early-warning system for investors, evaluating the health of companies in a way that's insulated from prevailing market trends.
Big commercial lenders like General Motors Acceptance have spent millions of dollars to design credit rating technology that is insulated from subjective bias, he said.
A more accurate description would point to the financial transgressions of a tiny Korean elite that is insulated from any consequences.
Using multilayer technology, an electrical conductor is embedded into a ceramic matrix, thus, creating conductive paths that are insulated from each other.
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