Money rules the world. But the importance of money is far greater than conventional economic theory and its heroic equations suggest. People have invented their own forms of currency, they have used money in ways that baffle market theorists, they have incorporated money into friendship and...

French Abstract: L'argent dirige le monde. L'importance de l'argent est toutefois bien plus grande que ne le laissent entendre la théorie économique conventionnelle et ses équations héroïques. Les gens ont inventé leurs propres formes de monnaie, ils ont utilisé l'argent d'une manière...

Information and Communication Technology is found in every aspect of human life. As much as digitisation has supported human progress, it also has its challenges on the human moral fabric. Six social and ethical issues that concern digitization have been identified: human dignity, privacy,...

We report on a large experiment testing the role of moral preferences in one-shot, anonymous ultimatum and impunity games, which vary the veto power of responders: in the impunity game, if an offer is lower than the responder's minimum acceptable offer, the proposer still receives his share,...

We characterize investors’ moral preferences in a parsimonious experimental setting, where we auction stocks with various ethical features. We find strong evidence that investors seek to align their investments with their social values (“value alignment”), and find no evidence of behavior...

Using a choice experiment we analyze moral preferences over fatalities and jobs losses due to the pandemic in Italy, the UK and the US. A structural estimation displays, surprisingly, aversion to diversification among these two bads. We also find that about 95% of the weight in the participants'...

The economist Kenneth Arrow, in Social Choice and Individual Values (1951), famously proved that a society of diverse preferences can only be ordered by dictatorship. Unless diverse preferences can adjust, electoral democracy cannot govern. Philip Kitcher, in Moral Progress (2021), emphasizes...