Greed can often lead to similar suboptimal decision-making outcomes to fear, but for different reasons.
"The care for dementia patients right now in this country is suboptimal, " says Dr. Boustani.
That is, the invisible hand is a metaphor for a suboptimal outcome driven by non-economic considerations.
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Suboptimal turnover means that the costs of erecting new cities is less than it seems.
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Not surprisingly, most of these systems contain a moderate amount of wastefulness due to dated equipment or suboptimal operation.
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Management makes suboptimal decisions and the investors generally see poor returns going forward.
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Brazil will still suffer from high interest (and a weak dollar), an artefact of a suboptimal fiscal policy regime.
But even by this suboptimal RVU-based measure, there are a number of well-done studies that all show that productivity declines, sometimes substantially.
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Forcing firms to make suboptimal production decisions is not a good idea.
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But while I will continue to argue for optimal policies, suboptimal compromises with higher immigration numbers remain a second-best possibility that puzzlingly refuses to arise.
Undoubtedly, Mundell understands that government efforts to improve upon markets are counterproductive, sometimes fatal suboptimal under the best of circumstances, disastrous if the interventionist policies persist.
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If either side is coerced by a third party, then market distortions arise, and suboptimal transactions take place which may not be in either party's interest.
It's not fair to penalize schools like MIT that put a heavy emphasis on basic science, Litan says, but the results still indicate universities "are highly suboptimal" at transforming ideas into businesses.
These "difficult" doctors were 12 times as likely as the low-difficulty doctors to say they were burned out, nearly four times as likely to report high stress, and more than nine times as likely to say they had provided "suboptimal care" in the past year.
Fear of these losing outcomes often leads to a number of suboptimal choices, including over-capitalizing a company (trying to protect against the downside), cutting the burn so much as to cut corners and impair a program (doing an under-powered clinical study), or doing less-than-optimal business development deals.
Explanations for this include the fact that it is possible that the levels of antibody titers may have been suboptimal in the majority of the smokers in the previous clinical trial or that the 12.5% reduction in binding may not be sufficient to lead to improved abstinence rates.
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