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Most individual life insurance policies lapse, with lapsers cross-subsidizing non-lapsers. We show that policies and lapse patterns predicted by standard rational expectations models are the opposite of those observed empirically. We propose two behavioral models consistent with the evidence: (i) consumers forget to pay premiums and (ii) consumers understate future liquidity needs. We conduct two surveys with a large insurer. New buyers believe that their own lapse probabilities are small compared to the insurer's actual experience. For recent lapsers, forgetfulness accounts for 37.8 percent of lapses while unexpected liquidity accounts for 15.4 percent. (JEL D91, G22, G52)

THIS PAPER REVIEWS THE LOCAL AUTHORITY PLANNING STATEMENTS (LAPS) PLANNING SYSTEM INTRODUCED TO IMPLEMENT A NATIONAL PLANNING SYSTEM FOR LOCAL PERSONAL SOCIAL SERVICES. THE SYSTEM ATTEMPTED TO OVERCOME CENTRAL DEPARTMENT PROBLEMS OF CO-ORDINATION, CONTROL, IMPLEMENTATION, AND DEFENDING THE BUDGET, BUT WITH LITTLE SUCCESS. LAPS DID YIELD INFORMATION ON THE SERVICES PROVIDED BY THE PERSONAL SERVICES, AMONG OTHER THINGS, BUT THE TYPES OF INFORMATION MUST BE DISTINGUISHED IN ORDER TO BE EFFECTIVE. LAPS CLEARLY BELONGED TO THAT CATEGORY OF INFORMATION WHICH IS USEFUL TO THE CENTRAL DEPARTMENT.

This text describes in detail the technology and techniques surrounding time lapse embryology. The book also covers the clinical aspects of time lapse imaging, morphokinetic timings, implantation data, fertilization, compaction, blastulation, irregular cleavages, multinucleation, vacuolation, zona defects, and other topics.

What must the next United States president do to reclaim Washington's standing to promote human rights around the globe? Many aspects of President George Bush's administration's human rights policy have caused American moral authority to plummet, including its penchant for cosying-up to favoured dictators, equating democracy promotion with regime change, and undermining international standards such as the new treaty banning cluster munitions. But probably nothing has done more to tarnish Washington's reputation in this area than the administration's decision to combat terrorism without regard to US obligations under international human rights law. Adapted from the source document.

What must the next United States president do to reclaim Washington's standing to promote human rights around the globe? Many aspects of President George Bush's administration's human rights policy have caused American moral authority to plummet, including its penchant for cosying-up to favoured dictators, equating democracy promotion with regime change, and undermining international standards such as the new treaty banning cluster munitions. But probably nothing has done more to tarnish Washington's reputation in this area than the administration's decision to combat terrorism without regard to US obligations under international human rights law. Adapted from the source document.