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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

The Culture and Institutions of Confucianism

Jia, Ruixue; Kung, James Kai-sing - National Bureau of Economic Research - 2025

This study reviews the culture and institutions of Confucianism and explores their implications for the trajectory of China's historical development. We trace the origins and evolution of the core elements of Confucianism and synthesize research on its relationship to clan culture, state...

Persistent link: https://www.econbiz.de/10015409892

Attitudes to Debt : The Role of Moral Values

Paine, Fiona; Schoar, Antoinette; Thesmar, David - National Bureau of Economic Research - 2025

This paper tests how people's moral values influence their views of debt contracts. We ask participants to make decisions about debt contracts in different hypothetical situations (vignettes). We separately measure their moral values using the Moral Foundations Questionnaire (Graham et al.,...

Persistent link: https://www.econbiz.de/10015450847

A Conceptual Framework for Understanding Critical Transitions

Alston, Lee J. - 2016

Critical transitions for a country are historical periods when the powerful organizations in a country shift from one set of beliefs about how institutions (the formal and informal rules of the game) will affect outcomes to a new set of beliefs. Critical transitions can lead a country toward...

Persistent link: https://www.econbiz.de/10012456531

Ancestry, Language and Culture

Spolaore, Enrico - 2015

We explore the interrelationships between various measures of cultural distance. We first discuss measures of genetic distance, used in the recent economics literature to capture the degree of relatedness between countries. We next describe several classes of measures of linguistic, religious,...

Persistent link: https://www.econbiz.de/10012457425

Sacred Values? The Effect of Information on Attitudes toward Payments for Human Organs

Elías, Julio - 2015

Many economic transactions are prohibited--even in the absence of health or safety concerns or negative externalities--because of ethical concerns that cause these exchanges to be perceived as "repugnant" if conducted through a market. Establishing a system of payments for human organs is a...

Persistent link: https://www.econbiz.de/10012457800