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Micromort
A micromort (from micro- and mortality) is a unit of risk defined as a one-in-a-million chance of death. Micromorts can be used to measure the riskiness of various day-to-day activities. A microprobability is a one-in-a million chance of some event; thus, a micromort is the microprobability of death. The micromort concept was introduced by Ronald A. Howard who pioneered the modern practice of decision analysis. Micromorts for future activities can only be rough assessments, as specific circumstances will always have an impact. However, past historical rates of events can be used to provide a ball park, average figure. Sample values Baseline Leisure and sport Travel Activities that increase the death risk by roughly one micromort, and their associated cause of death: * Travelling 6 miles (9.7 km) by motorcycle (collision) * Travelling 17 miles (27 km) by walking (collision) * Travelling 10 miles (16 km) or 20 miles (32 km) by bicycle (collision) * Trav ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Unusual Units Of Measurement
An unusual unit of measurement is a unit of measurement that does not form part of a coherent system of measurement, especially because its exact quantity may not be well known or because it may be an inconvenient multiple or fraction of a base unit. This definition is not exact since it includes units such as the ''week'' or the '' light-year'', which are quite "usual" in the sense that they are often used, but can be "unusual" if taken out of their common context, as demonstrated by the furlong-firkin-fortnight (FFF) system of units. Many of the unusual units of measurements listed here are colloquial measurements, units devised to compare a measurement to common and familiar objects. Length Hammer unit Valve's Source game engine uses the ''Hammer unit'' as its base unit of length. This unit refers to Source's official map creation software, Hammer. The exact definition varies from game to game, but a Hammer unit is usually defined as a sixteenth of a foot (16 Ham ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Microlife
A microlife is a unit of risk representing half an hour change of life expectancy. Discussed by David Spiegelhalter and Alejandro Leiva, and also used by Lin et al. for decision analysis, microlives are intended as a simple way of communicating the impact of a lifestyle or environmental risk factor, based on the associated daily proportional effect on expected length of life. Similar to the micromort (one in a million probability of death) the microlife is intended for "rough but fair comparisons between the sizes of chronic risks". This is to avoid the biasing effects of describing risks in relative hazard ratios, converting them into somewhat tangible units. Similarly they bring long-term future risks into the here-and-now as a gain or loss of time. :"A daily loss or gain of 30 minutes can be termed a microlife, because 1 000 000 half hours (57 years) roughly corresponds to a lifetime of adult exposure." The microlife exploits the fact that for small hazard ratios the chan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Decision Analysis
Decision analysis (DA) is the discipline comprising the philosophy, methodology, and professional practice necessary to address important decisions in a formal manner. Decision analysis includes many procedures, methods, and tools for identifying, clearly representing, and formally assessing important aspects of a decision; for prescribing a recommended course of action by applying the maximum expected-utility axiom to a well-formed representation of the decision; and for translating the formal representation of a decision and its corresponding recommendation into insight for the decision maker, and other corporate and non-corporate stakeholders. History In 1931, mathematical philosopher Frank Ramsey pioneered the idea of subjective probability as a representation of an individual’s beliefs or uncertainties. Then, in the 1940s, mathematician John von Neumann and economist Oskar Morgenstern developed an axiomatic basis for utility theory as a way of expressing an individual ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Decision Analysis
Decision analysis (DA) is the discipline comprising the philosophy, methodology, and professional practice necessary to address important decisions in a formal manner. Decision analysis includes many procedures, methods, and tools for identifying, clearly representing, and formally assessing important aspects of a decision; for prescribing a recommended course of action by applying the maximum expected-utility axiom to a well-formed representation of the decision; and for translating the formal representation of a decision and its corresponding recommendation into insight for the decision maker, and other corporate and non-corporate stakeholders. History In 1931, mathematical philosopher Frank Ramsey pioneered the idea of subjective probability as a representation of an individual’s beliefs or uncertainties. Then, in the 1940s, mathematician John von Neumann and economist Oskar Morgenstern developed an axiomatic basis for utility theory as a way of expressing an individual ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Microlife
A microlife is a unit of risk representing half an hour change of life expectancy. Discussed by David Spiegelhalter and Alejandro Leiva, and also used by Lin et al. for decision analysis, microlives are intended as a simple way of communicating the impact of a lifestyle or environmental risk factor, based on the associated daily proportional effect on expected length of life. Similar to the micromort (one in a million probability of death) the microlife is intended for "rough but fair comparisons between the sizes of chronic risks". This is to avoid the biasing effects of describing risks in relative hazard ratios, converting them into somewhat tangible units. Similarly they bring long-term future risks into the here-and-now as a gain or loss of time. :"A daily loss or gain of 30 minutes can be termed a microlife, because 1 000 000 half hours (57 years) roughly corresponds to a lifetime of adult exposure." The microlife exploits the fact that for small hazard ratios the chan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Micro-
''Micro'' (Greek letter μ ( U+03BC) or the legacy symbol µ (U+00B5)) is a unit prefix in the metric system denoting a factor of 10−6 (one millionth). Confirmed in 1960, the prefix comes from the Greek ('), meaning "small". The symbol for the prefix is the Greek letter μ ( mu). It is the only SI prefix which uses a character not from the Latin alphabet. "mc" is commonly used as a prefix when the character "μ" is not available; for example, "mcg" commonly denotes a microgram. This may be ambiguous in rare circumstances in that ''mcg'' could also be read as a ''micrigram'', i.e. 10−14 g; however the prefix '' micri'' is not standard, nor widely known, and is considered obsolete. The letter u, instead of μ, was allowed by an ISO document, but that document has been withdrawn in 2001, however DIN 66030:2002 still allows this substitution. Examples * Typical bacteria are 1 to 10 micrometres (1–10 µm) in diameter. * Eukaryotic cells are typically 10 to 100 micrometre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CC-BY Icon
A Creative Commons (CC) license is one of several public copyright licenses that enable the free distribution of an otherwise copyrighted "work".A "work" is any creative material made by a person. A painting, a graphic, a book, a song/lyrics to a song, or a photograph of almost anything are all examples of "works". A CC license is used when an author wants to give other people the right to share, use, and build upon a work that the author has created. CC provides an author flexibility (for example, they might choose to allow only non-commercial uses of a given work) and protects the people who use or redistribute an author's work from concerns of copyright infringement as long as they abide by the conditions that are specified in the license by which the author distributes the work. There are several types of Creative Commons licenses. Each license differs by several combinations that condition the terms of distribution. They were initially released on December 16, 2002, by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ellsberg Paradox
In decision theory, the Ellsberg paradox (or Ellsberg's paradox) is a paradox in which people's decisions are inconsistent with subjective expected utility theory. Daniel Ellsberg popularized the paradox in his 1961 paper, “Risk, Ambiguity, and the Savage Axioms”. John Maynard Keynes published a version of the paradox in 1921. It is generally taken to be evidence of ambiguity aversion, in which a person tends to prefer choices with quantifiable risks over those with unknown, incalculable risks. Ellsberg's findings indicate that choices with an underlying level of risk are favored in instances where the likelihood of risk is clear, rather than instances in which the likelihood of risk is unknown. A decision-maker will overwhelmingly favor a choice with a transparent likelihood of risk, even in instances where the unknown alternative will likely produce greater utility. When offered choices with varying risk, people prefer choices with calculable risk, even when they have less ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Decision Theory
Decision theory (or the theory of choice; not to be confused with choice theory) is a branch of applied probability theory concerned with the theory of making decisions based on assigning probabilities to various factors and assigning numerical consequences to the outcome. There are three branches of decision theory: # Normative decision theory: Concerned with the identification of optimal decisions, where optimality is often determined by considering an ideal decision-maker who is able to calculate with perfect accuracy and is in some sense fully rational. # Prescriptive decision theory: Concerned with describing observed behaviors through the use of conceptual models, under the assumption that those making the decisions are behaving under some consistent rules. # Descriptive decision theory: Analyzes how individuals actually make the decisions that they do. Decision theory is closely related to the field of game theory and is an interdisciplinary topic, studied by econom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Department Of Transportation
The United States Department of Transportation (USDOT or DOT) is one of the executive departments of the U.S. federal government. It is headed by the secretary of transportation, who reports directly to the President of the United States and is a member of the president's Cabinet. The department's mission is "to develop and coordinate policies that will provide an efficient and economical national transportation system, with due regard for need, the environment, and the national defense." History Prior to the creation of the Department of Transportation, its functions were administered by the under secretary of commerce for transportation. In 1965, Najeeb Halaby, administrator of the Federal Aviation Agency (predecessor to the Federal Aviation Administration, FAA), suggested to President Lyndon B. Johnson that transportation be elevated to a cabinet-level post, and that the FAA be folded into the DOT. It was established by Congress in the Department of Transportation Act ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UK Department For Transport
The Department for Transport (DfT) is a department of His Majesty's Government responsible for the English transport network and a limited number of transport matters in Scotland, Wales and Northern Ireland that have not been devolved. The department is run by the Secretary of State for Transport, currently (since 25 October 2022) Mark Harper. The expenditure, administration and policy of the Department for Transport are scrutinised by the Transport Committee. History The Ministry of Transport was established by the Ministry of Transport Act 1919 which provided for the transfer to the new ministry of powers and duties of any government department in respect of railways, light railways, tramways, canals and inland waterways, roads, bridges and ferries, and vehicles and traffic thereon, harbours, docks and piers. In September 1919, all the powers of the Road Board, the Ministry of Health, and the Board of Trade in respect of transport, were transferred to the new ministry. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Value For Preventing A Fatality
The value of life is an economic value used to quantify the benefit of avoiding a fatality. It is also referred to as the cost of life, value of preventing a fatality (VPF), implied cost of averting a fatality (ICAF), and value of a statistical life (VSL). In social and political sciences, it is the marginal cost of death prevention in a certain class of circumstances. In many studies the value also includes the quality of life, the expected life time remaining, as well as the earning potential of a given person especially for an after-the-fact payment in a wrongful death claim lawsuit. As such, it is a statistical term, the cost of reducing the average number of deaths by one. It is an important issue in a wide range of disciplines including economics, health care, adoption, political economy, insurance, worker safety, environmental impact assessment, and globalization. The motivation for placing a monetary value on life is to enable policy and regulatory analysts to allocate the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
