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The Economics of Cultural Transmission and Socialization
Bisin, Alberto - 2010
Cultural transmission arguably plays an important role in the determination of many fundamental preference traits (e.g., discounting, risk aversion and altruism) and most cultural traits, social norms, and ideological tenets ( e.g., attitudes towards family and fertility practices, and attitudes...
Persistent link: https://www.econbiz.de/10013136354
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Laws and Norms
Bénabou, Roland - 2011
This paper analyzes how private decisions and public policies are shaped by personal and societal preferences ("values"), material or other explicit incentives ("laws") and social sanctions or rewards ("norms"). It first examines how honor, stigma and social norms arise from individuals'...
Persistent link: https://www.econbiz.de/10013118832
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The Value of Honesty : Empirical Estimates from the Case of the Missing Children
LaLumia, Sara - 2011
How much are people willing to forego to be honest, to follow the rules? When people do break the rules, what can standard data sources tell us about their behavior? Standard economic models of crime typically assume that individuals are indifferent to dishonesty, so that they will cheat or lie...
Persistent link: https://www.econbiz.de/10013122185
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Ethical Foundations of Financial Regulation
Kane, Edward J. - 2008
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/10012774887
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Kinship, Cooperation, and the Evolution of Moral Systems
Enke, Benjamin - 2017
Across the social sciences, a key question is how societies manage to enforce cooperative behavior in social dilemmas such as public goods provision or bilateral trade. According to an influential body of theories in psychology, anthropology, and evolutionary biology, the answer is that humans...
Persistent link: https://www.econbiz.de/10012954472
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Economic Development and the Regulation of Morally Contentious Activities
Elias, Julio - 2017
The regulation of many activities depends on whether societies consider them morally controversial or “repugnant”. Not only have regulation and related ethical concerns changed over time, but there is also heterogeneity across countries at a given time. We provide evidence of this...
Persistent link: https://www.econbiz.de/10012960514
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Self-Esteem, Moral Capital, and Wrongdoing
Dal Bo, Ernesto - 2010
We present an infinite-horizon model of moral standards where self-esteem and unconscious drives play key roles. In the model, an individual receives random temptations (such as bribe offers) and must decide which to resist. Individual actions depend both on conscious intent and a type...
Persistent link: https://www.econbiz.de/10012758127
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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/10012865277
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Moral Incentives in Credit Card Debt Repayment : Evidence from a Field Experiment
Bursztyn, Leonardo - 2015
We study the role of morality in debt repayment, using an experiment with the credit card customers of a large Islamic bank in Indonesia. In our main treatment, clients receive a text message stating that “non-repayment of debts by someone who is able to repay is an injustice.” This moral...
Persistent link: https://www.econbiz.de/10013014296
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Putting Integrity into Finance : A Purely Positive Approach
Erhard, Werner - 2014
strongly for an addition to the current paradigm of financial economics. We summarize here our new theory of integrity that … phenomenon to the paradigm of financial economics provides actionable access (rather than mere explanation with no access) to the … that behavior. More generally we argue that this addition to the paradigm of financial economics can create significant …
Persistent link: https://www.econbiz.de/10013056596