There has been major debate in recent years about the speed and scale of technological innovation, and whether digital technologies create new issues relating to trust and ethics. This presentation will consider key issues around trust and ethics in the digital age, and the appropriate policy...

This perspective paper is based on several sessions by the members of the Round Table AI at FIRM , with input from a number of external and international speakers. Its particular focus lies on the management of the model risk of productive models in banks and other financial institutions. The...

Few blockchain centric projects have gone beyond their white paper or proofs-of-concept. While many have fallen below expectations and failed to address the fundamental issues of scalability, privacy, and trust distribution, there are a few “imperfect” projects that are making an impact on...

Transparency of data recorded on distributed ledgers has been hailed as a key benefit of blockchains, such as Bitcoin. Our examination of 389 million Bitcoin wallet addresses involving 183 million unique users shows that the way the “Notebreaker” wallet mechanism handles transactions...

The autonomous vehicle (AV) industry works very hard to createpublic trust in both AV technology and its developers. Building trust is part of a strategy to permit the industry itself to manage the testing and deployment of AV technology without regulatory interference. In this article, we...

Conditional on the decision to enter the market for immature technology, we test for the effects that trust—proxied by the context in which the negotiating parties first met—has on the likelihood that these negotiations are successful. Using survey responses from 860 university–firm and...

The many obvious benefits that accompany digital technology have been matched by some less welcome and more contentious impacts. One of these is the steady erosion of privacy. For example monitoring and surveillance has become a fundamental part of the workplace environment, with employee...

Even though people regularly express concern about sharing personal information online and fear a loss of privacy, their behavior seldom matches their opinions - A phenomenon called Privacy Paradox and researched for over 20 years. Several influencing factors have been identified. A central one...

Operators of online auction venues, such as eBay, face competing demands. Most of those operators are reliant on income from fees paid by sellers and therefore must provide technical innovations and a contract structure favorable to those sellers. Simultaneously, the operators must lower the...

Generally, technological innovations begin in very small niche markets when a tiny group of risk-taking consumers decide to try out a product or service they have never seen before. It is never clear that the innovation will ever reach a larger market because the forces of the status quo, as a...