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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 moral evaluation of actions in our society. The rise of...

Persistent link: https://www.econbiz.de/10012480076

Persistence of Power, Elites and Institutions

Acemoglu, Daron; Robinson, James Alan - 2006

of the exercise of de jure and de facto political power. A change in political institutions, for example a move from … nondemocracy to democracy, alters the distribution of de jure political power, but the elite can intensify their investments in de … facto political power, such as lobbying or the use of paramilitary forces, to partially or fully offset their loss of de …

Persistent link: https://www.econbiz.de/10012466560

Is Europe an Optimal Political Area?

Alesina, Alberto - 2017

Employing a wide range of individual-level surveys, we study the extent of cultural and institutional heterogeneity within the EU and how this changed between 1980 and 2008. We present several novel empirical regularities that paint a complex picture. While Europe has experienced both systematic...

Persistent link: https://www.econbiz.de/10012455356

Measuring the Value of a Statistical Life : Problems and Prospects

Ashenfelter, Orley - 2006

Tradeoffs between monetary wealth and fatal safety risks are summarized in the value of a statistical life (VSL), a measure that is widely used for the evaluation of public policies in medicine, the environment, and transportation safety. This paper demonstrates the widespread use of this...

Persistent link: https://www.econbiz.de/10012466755

Multiple Price Lists for Willingness to Pay Elicitation

Jack, B. Kelsey; McDermott, Kathryn; Sautmann, Anja - National Bureau of Economic Research - 2022

Multiple price lists are a convenient tool to elicit willingness to pay (WTP) in surveys and experiments, but choice patterns such as "multiple switching" and "never switching" indicate high error rates. Existing measurement approaches often do not provide accurate standard errors and cannot...

Persistent link: https://www.econbiz.de/10013388789

Structural Transformation and Value Change : The British Abolitionist Movement

Figueroa, Valentin; Fouka, Vasiliki - National Bureau of Economic Research - 2023

Revolution. We argue that structural transformation alters the distribution of power in society and enables groups with distinct …

Persistent link: https://www.econbiz.de/10014372465

Education and Preferences for Desired Traits in Children

Mocan, Naci; Orak, Nur - National Bureau of Economic Research - 2024

There is a strong correlation between the preferences and beliefs of parents and their children. Also, children of more educated parents tend to have different preferences and beliefs than those of less educated parents. However, evidence on whether education influences adults' preferences...

Persistent link: https://www.econbiz.de/10015145086

Rugged Individualism and Collective (In)action During the COVID-19 Pandemic

Bazzi, Samuel - 2020

Rugged individualism--the combination of individualism and anti-statism--is a prominent feature of American culture with deep roots in the country's history of frontier settlement. Today, rugged individualism is more prevalent in counties with greater total frontier experience (TFE) during the...

Persistent link: https://www.econbiz.de/10012481079

Material Incentives and Effort Choice : Evidence from an Online Experiment Across Countries

Davies, Elwyn; Fafchamps, Marcel - National Bureau of Economic Research - 2022

We conduct an interactive online experiment framed as an employment contract between employer and worker. Subjects from the US, India, and Africa are matched in pairs within and, in some cases, across countries. Employers make a one-period offer to a worker who can either decline or choose a...

Persistent link: https://www.econbiz.de/10013362026

New Evidence on Trust and Well-being

Helliwell, John F. - 2016

Second, the more detailed and precisely measured trust data in the European Social Survey (ESS) show that social trust is only a part of the overall climate of trust. While social trust and trust in police are the most important elements, there are significant additional benefits from trust in...

Persistent link: https://www.econbiz.de/10012456227