Showing 1 - 10 of 11,388
Persistent link: https://www.econbiz.de/10012612579
Persistent link: https://www.econbiz.de/10011787359
This paper examines a new moral hazard in delegated decision-making: authors can embed hidden instructions--known as prompt injections--to bias AI referees in academic peer review, thereby hijacking machine recommendations. Because AI reviews are relatively inexpensive compared to manual...
Persistent link: https://www.econbiz.de/10015438306
Persistent link: https://www.econbiz.de/10003966028
Persistent link: https://www.econbiz.de/10012586597
This paper studies the welfare effects of financial integration in the presence of moral hazard. Entrepreneurs face a trade off between risk and return. Banks may mitigate the resultant excessive risk by costly monitoring, where greater risk reduction requires more resources devoted to risk...
Persistent link: https://www.econbiz.de/10012472110
This paper studies the welfare effects of financial integration in the presence of moral hazard. Entrepreneurs face a trade off between risk and return. Banks may mitigate the resultant excessive risk by costly monitoring, where greater risk reduction requires more resources devoted to risk...
Persistent link: https://www.econbiz.de/10012788990
Persistent link: https://www.econbiz.de/10011815547
Persistent link: https://www.econbiz.de/10011780362
This paper considers the eff ects of a two-period interaction on the decision of a principal to delegate authority to a potentially biased but better informed agent. Compared to the (repeated) one-period case, the agent's first period actions may also signal his type which in turn impacts wages...
Persistent link: https://www.econbiz.de/10014041476