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Ethical Foundations of Financial Regulation
Kane, Edward J. - 1997
Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating financial institutions. Altruistic public-benefits theories treat rules as governmental instruments for increas- ing fairness and efficiency across society as a whole....
Persistent link: https://www.econbiz.de/10012472798
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Judicial Politics and Sentencing Decisions
Cohen, Alma - 2018
This paper investigates whether judge political affiliation contributes to racial and gender disparities in sentencing using data on over 500,000 federal defendants linked to sentencing judge. Exploiting random case assignment, we find that Republican-appointed judges sentence black defendants...
Persistent link: https://www.econbiz.de/10012453103
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We are all Behavioral, More or Less : A Taxonomy of Consumer Decision Making
Stango, Victor - 2020
We examine how 17 behavioral biases relate to each other, to other decision inputs, and to decision outputs. Most … personality traits--with some expected exceptions. Accounting for this correlation structure, we reduce our 29 decision inputs to … this taxonomy for various approaches to modeling influences of behavioral biases on decision making …
Persistent link: https://www.econbiz.de/10012482357
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Optimism and Economic Choice
Puri, Manju - 2005
This paper presents some of the first large-scale survey evidence linking optimism to major economic choices. We create a novel measure of optimism using the Survey of Consumer Finance by comparing a person's self-reported life expectancy to that implied by statistical tables. Optimists are more...
Persistent link: https://www.econbiz.de/10012467322
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Dominated Choices and Medicare Advantage Enrollment
Afendulis, Christopher - 2014
revisiting prior choices, can lead to decision errors. This paper explores the enrollment decisions of Medicare beneficiaries in …
Persistent link: https://www.econbiz.de/10012458484
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'Morality and Political Economy' from the Vantage Point of Economics
Enke, Benjamin - National Bureau of Economic Research - 2024
This article calls for a greater integration of moral psychology and political economy. While these disciplines were initially deeply intertwined, cross-disciplinary exchange became rare throughout the 20th century. More recently, the tide has shifted again - social scientists of different...
Persistent link: https://www.econbiz.de/10014512133
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Integrating Ethical Values and Economic Value to Steer Progress in Artificial Intelligence
Korinek, Anton - 2019
Economics and ethics both offer important perspectives on our society, but they do so from two different viewpoints … - the central focus of economics is how the price system in our economy values resources; the central focus of ethics is the …
Persistent link: https://www.econbiz.de/10012480076
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The A.I. Dilemma : Growth versus Existential Risk
Jones, Charles I. - National Bureau of Economic Research - 2023
Advances in artificial intelligence (A.I.) are a double-edged sword. On the one hand, they may increase economic growth as A.I. augments our ability to innovate. On the other hand, many experts worry that these advances entail existential risk: creating a superintelligence misaligned with human...
Persistent link: https://www.econbiz.de/10014436968
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Can Socially-Minded Governance Control the AGI Beast?
Gans, Joshua - National Bureau of Economic Research - 2023
This paper robustly concludes that it cannot. A model is constructed under idealised conditions that presume the risks associated with artificial general intelligence (AGI) are real, that safe AGI products are possible, and that there exist socially-minded funders who are interested in funding...
Persistent link: https://www.econbiz.de/10014437055
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Moral Boundaries
Enke, Benjamin - National Bureau of Economic Research - 2023
This article reviews the growing economics literature that studies the politico-economic impacts of heterogeneity in moral boundaries across individuals and cultures. The so-called universalism-versus-particularism cleavage has emerged as a main organizing principle behind various salient...
Persistent link: https://www.econbiz.de/10014372458