With SQL Server's transaction isolation levels, you can avoid certain unwanted concurrency issues, like dirty reads and so forth.
The one I'm interested in right now is lost updates - the fact two transactions can overwrite one another's updates without anyone noticing it. I see and hear conflicting statements as to which isolation level at a minimum I have to choose to avoid this.
Kalen Delaney in her "SQL Server Internals" book says (Chapter 10 - Transactions and Concurrency - Page 592):
In Read Uncommitted isolation, all the behaviors described previously, except lost updates, are possible.
On the other hand, an independent SQL Server trainer giving us a class told us that we need at least "Repeatable Read" to avoid lost updates.
So who's right?? And why??