In this paper, we generalize the classic therapeutic decision-making model, developed by Pauker and Kassirer, from the expected utility(EU) to the rank-dependent utility (RDU) framework. In contrast with EU, the RDU can incorporate a physician's optimistic and pessimistic biases into...

This paper reviews the legal and regulatory regime for the resolution of non-performing loans (NPL) of state-owned banks in China. Currently, China's NPL market is comprised of two levels: the primary market (banks acting as the exclusive NPL sellers and asset management companies (AMCs) as the...

China’s air pollution has become a major environmental concern for the Chinese government and the Chinese public. Although China has established a comprehensive legal framework for environmental protection, many obstacles impede the enforcement of environmental laws and regulations. In light...

On the basis of analyzing the gap between urban and rural quality education and the existing limiting factors to that in rural areas, a suggestion was proposed to promote the balanced development of rural quality education.

Purpose: The issue of project managers’ competencies has gained much traction in practice and more recently in academic debate. However, they have become analogous to extensive wish lists where a project manager is expected to have an exhaustive list of aptitudes and capabilities. Therefore,...