|
Contingent Aftereffect
Contingency or Contingent may refer to: * Contingency (philosophy), in philosophy and logic * Contingency plan, in planning * Contingency (electrical grid), in electrical grid engineering * Contingency table, in statistics * Contingency theory, in organizational theory * Contingency (evolutionary biology) * Contingency management, in medicine * Contingent claim, in finance * Contingent fee, in commercial matters * Contingent liability, in law * Contingent vote, in politics * Contingent work, an employment relationship * Cost contingency, in business risk management * Contingency (Prison Break), "Contingency" (''Prison Break''), a television series episode * Military contingent, a group within an army See also * Contractual term, upon which agreed outcomes are contingent {{dab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contingency (philosophy)
In logic, contingency is the feature of a statement making it neither necessary nor impossible. Contingency is a fundamental concept of modal logic. Modal logic concerns the manner, or ''mode'', in which statements are true. Contingency is one of three basic modes alongside necessity and possibility. In modal logic, a contingent statement stands in the modal realm between what is necessary and what is impossible, never crossing into the territory of either status. Contingent and necessary statements form the complete set of possible statements. While this definition is widely accepted, the precise distinction (or lack thereof) between what is contingent and what is necessary has been challenged since antiquity. Contingency and modal possibility In logic, a thing is considered to be possible when it is true in at least one possible world. This means there is a way to imagine a world in which a statement is true and in which its truth does not contradict any other truth in that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contingency Plan
A contingency plan, or alternate plan, also known colloquially as Plan B, is a plan devised for an outcome other than in the usual (expected) plan. It is often used for risk management for an exceptional risk that, though unlikely, would have catastrophic consequences. Use Contingency plans are often devised by businesses or governments. There are five steps of implementing contingency plan, which are organize a planning team, assess the scope of the problem, develop a plan, test the plan, and keep the plan up-to-date. For example, if many employees of a company are traveling together on an aircraft which crashes, killing all aboard, the company could be severely strained or ruined by such a loss. Therefore, many companies have procedures to follow in the event of such a disaster. The plan may also include standing policies to mitigate a disaster's potential impact, such as requiring employees to travel separately or limiting the number of employees on any one aircraft. During tim ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contingency (electrical Grid)
In an electrical grid, contingency is an unexpected failure of a single principal component (e.g., an electrical generator or a power transmission line) that causes the change of the system state large enough to endanger the grid security. Some protective relays are set up in a way that multiple individual components are disconnected due to a single fault, in this case, taking out all the units in a group counts as a single contingency. A scheduled outage (like maintenance) is not a contingency. The choice of term emphasizes the fact that a single fault can cause severe damage to the system so quickly that the operator will not have time to intervene, and therefore a reaction to every single fault has to be defensively pre-built into the system configuration. Some sources use the term interchangeably with "disturbance" and "fault". Contingency analysis The contingency analysis application periodically runs on the computers at the operations centers providing suggestions to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contingency Table
In statistics, a contingency table (also known as a cross tabulation or crosstab) is a type of table in a matrix format that displays the multivariate frequency distribution of the variables. They are heavily used in survey research, business intelligence, engineering, and scientific research. They provide a basic picture of the interrelation between two variables and can help find interactions between them. The term ''contingency table'' was first used by Karl Pearson in "On the Theory of Contingency and Its Relation to Association and Normal Correlation", part of the '' Drapers' Company Research Memoirs Biometric Series I'' published in 1904. A crucial problem of multivariate statistics is finding the (direct-)dependence structure underlying the variables contained in high-dimensional contingency tables. If some of the conditional independences are revealed, then even the storage of the data can be done in a smarter way (see Lauritzen (2002)). In order to do this one can use in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contingency Theory
A contingency theory is an organizational theory that claims that there is no best way to organize a corporation, to lead a company, or to decision making, make decisions. Instead, the optimal course of action is contingent (dependent) upon the internal and external situation. Contingent leaders are flexible in choosing and adapting to succinct strategies to suit change in situation at a particular period in time in the running of the organization. History The contingency approach to leadership was influenced by two earlier research programs endeavoring to pinpoint effective leadership behavior. During the 1950s, researchers at Ohio State University administered extensive questionnaires measuring a range of possible leader behaviors in various organizational contexts. Although multiple sets of leadership behaviors were originally identified based on these questionnaires, two types of behaviors proved to be especially typical of effective leaders: ''(1) consideration'' leader behav ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contingency (evolutionary Biology)
In evolutionary biology, contingency describes how the outcome of evolution may be affected by the history of a particular lineage. Overview Evolution is a historical process, and the outcomes of history can be sensitive to the details of the interactions and events that preceded them. Contingency was especially emphasized by Stephen Jay Gould, particularly in his 1989 book '' Wonderful Life''. Gould used the thought experiment of rewinding the "tape of life" to the distant past, and argued that even small changes to history would result in evolutionary outcomes very different from our world. Gould's thought experiment has inspired real experiments in the lab and in the field, as well as study of living and extinct organisms as natural experiments. These studies have found that repeatability in evolution is common, particularly in cases of similar founding populations, when defining repeatability broadly, and over the timescales observable in experiments. Convergent evolution ha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contingency Management
Contingency management (CM) is the application of the three-term contingency (or operant conditioning), which uses stimulus control and consequences to change behavior. CM originally derived from the science of applied behavior analysis (ABA), but it is sometimes implemented from a cognitive-behavioral therapy (CBT) framework as well. Incentive-based contingency management is well-established when used as a clinical behavior analysis (CBA) treatment for substance use disorders, which entails that patients earn money (vouchers) or other incentives (i.e., prizes) as a reward to positive reinforcement, reinforce drug abstinence (and, less often, punishment if they fail to adhere to program rules and regulations or their treatment plan). Another popular approach based on CM for alcoholism is the community reinforcement approach and family training (CRAFT) model, which uses self-management and shaping techniques. By most evaluations, its procedures produce one of the largest effect si ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contingent Claim
In finance, a contingent claim is a derivative whose future payoff depends on the value of another “underlying” asset,Dale F. Gray, Robert C. Merton and Zvi Bodie. (2007). Contingent Claims Approach to Measuring and Managing Sovereign Credit Risk. ''Journal of Investment Management'', Vol. 5, No. 4, (2007), pp. 5–28 M. J. Brennan (1979). The Pricing of Contingent Claims in Discrete Time Models. ''The Journal of Finance''. Vol. 34, No. 1 (Mar., 1979), pp. 53-68 or more generally, that is dependent on the realization of some uncertain future event.Sean Ross What kinds of derivatives are types of contingent claims? Investopedia These are so named, since there is only a payoff under certain contingencies."Approaches to valuation", Ch2. in Aswath Damodaran (2012). ''Investment Valuation: Tools and Techniques for Determining the Value of any Asset''. John Wiley & Sons. Any derivative instrument that is not a contingent claim is called a forward commitment. The prototypical ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contingent Fee
A contingent fee (also known as a contingency fee in the United States or a conditional fee in England and Wales) is any fee for services provided where the fee is payable only if there is a favourable result. Although such a fee may be used in many fields, it is particularly well associated with legal practice. In the law, a contingent fee is defined as a fee charged for a lawyer's services that is payable only if a lawsuit is successful or results in a favorable settlement, usually in the form of a percentage of the amount recovered on behalf of the client. Contingent fees may make it easier for people of limited means to pursue their civil rights since otherwise, to sue someone for a tort, one must first be wealthy enough to pursue such litigation in the first place. Due to the risk of loss, attorneys will not take cases on a contingency basis unless they believe that the case has merit, although accepting cases on a contingency is not without risk. Contingent legal fees Un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contingent Liability
In accounting, contingent liabilities are liabilities that may be incurred by an entity depending on the outcome of an uncertain future event such as the outcome of a pending lawsuit. These liabilities are not recorded in a company's accounts and shown in the balance sheet when both probable and reasonably estimable as 'contingency' or 'worst case' financial outcome. A footnote to the balance sheet may describe the nature and extent of the contingent liabilities. The likelihood of loss is described as probable, reasonably possible, or remote. The ability to estimate a loss is described as known, reasonably estimable, or not reasonably estimable. It may or may not occur. Classification According to International Monetary Fund's ''Government Finance Statistics Manual'', contingent liabilities shall be classified as: * Explicit contingent liabilities ** Guarantees *** One-off guarantees **** Loan and other debt instrument guarantees (publicly guaranteed debt) **** Other one- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contingent Vote
The contingent vote is a two-stage electoral system that elects a single representative, in which the winner receives a majority of votes. It uses ranked voting. The voter ranks the candidates in order of preference, and when the votes are first counted, only first preferences are counted. If no candidate has a majority (more than half) of the votes cast, then all but the two leading candidates are eliminated and the votes that had been received by the eliminated candidates are transferred to whichever of the two remaining candidates are marked as the next preference. The contingent vote can be considered a compressed or "instant" form of the two-round system (runoff system), in which the second "round" is conducted without the need for voters to go to the polls a second time. For this reason, the term ''instant-runoff voting'' has been used for this system, though this conflicts with the more common use of that term. The contingent vote election system also has similariti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contingent Work
Contingent work, casual work, gig work or contract work, is an employment relationship with limited job security, payment on a piece work basis, typically part-time (typically with variable hours) that is considered non-permanent. According to the US Bureau of Labor Statistics (BLS), the nontraditional workforce includes "multiple job holders, contingent and part-time workers, and people in alternative work arrangements". These workers currently represent a substantial portion of the US workforce, and "nearly four out of five employers, in establishments of all sizes and industries, use some form of nontraditional staffing". "People in alternative work arrangements" includes independent contractors, employees of contract companies, workers who are on call, and temporary workers. Terminology Contingent workers are also often called consultants, freelancers, independent contractors, independent professionals, temporary contract workers, staff-augmentation workers, or temps. Cont ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
