[Selections by Humberto Barreto for SHOE list.]
nep-hpe <http://nep.repec.org/nep-hpe.html> New Economics Papers
<http://nep.repec.org/> on History and Philosophy of Economics
Issue of 2022‒12‒19
papers chosen by
Erik Thomson <http://econpapers.repec.org/RAS/pth72.htm>
University of Manitoba <http://umanitoba.ca/>
------------------------------
1. A Keynesian-Minskian perspective on the transformation of industrial
into financial capitalism
<https://mail.google.com/mail/u/0/#m_1460066340316865300_p1> By Heise,
Arne <http://econpapers.repec.org/scripts/search.pf?aus=Heise,%20Arne>
2. The Future Economics of Artificial Intelligence: Mythical Agents, a
Singleton and the Dark Forest
<https://mail.google.com/mail/u/0/#m_1460066340316865300_p2> By Naudé,
Wim <http://econpapers.repec.org/scripts/search.pf?aus=Naud%C3%A9,%20Wim>
3. Motivated Memory in Economics - a Review
<https://mail.google.com/mail/u/0/#m_1460066340316865300_p3> By Andrea
Amelio
<http://econpapers.repec.org/scripts/search.pf?aus=Andrea%20Amelio>; Florian
Zimmermann
<http://econpapers.repec.org/scripts/search.pf?aus=Florian%20Zimmermann>
4. The first 50 contriutions to the Data Observer Series - An Overview
<https://mail.google.com/mail/u/0/#m_1460066340316865300_p5> By Joachim
Wagner
<http://econpapers.repec.org/scripts/search.pf?aus=Joachim%20Wagner>
5. On Social Norms and Observability in (Dis)honest Behavior
<https://mail.google.com/mail/u/0/#m_1460066340316865300_p7> By Huber,
Christoph
<http://econpapers.repec.org/scripts/search.pf?aus=Huber,%20Christoph>;
Litsios,
Christos
<http://econpapers.repec.org/scripts/search.pf?aus=Litsios,%20Christos>;
Nieper,
Annika S.
<http://econpapers.repec.org/scripts/search.pf?aus=Nieper,%20Annika%20S.>
; Promann, Timo
<http://econpapers.repec.org/scripts/search.pf?aus=Promann,%20Timo>
6. Humans Feel Too Special for Machines to Score Their Morals
<https://mail.google.com/mail/u/0/#m_1460066340316865300_p8> By Bonnefon,
Jean-François
<http://econpapers.repec.org/scripts/search.pf?aus=Bonnefon,%20Jean-Fran%C3%A7ois>
; Purcell, Zoe
<http://econpapers.repec.org/scripts/search.pf?aus=Purcell,%20Zoe>
7. An Ellsberg paradox for ambiguity aversion
<https://mail.google.com/mail/u/0/#m_1460066340316865300_p9> By Christoph
Kuzmics
<http://econpapers.repec.org/scripts/search.pf?aus=Christoph%20Kuzmics>;
Brian
W. Rogers
<http://econpapers.repec.org/scripts/search.pf?aus=Brian%20W.%20Rogers>;
Xiannong
Zhang
<http://econpapers.repec.org/scripts/search.pf?aus=Xiannong%20Zhang>
------------------------------
1. A Keynesian-Minskian perspective on the transformation of industrial
into financial capitalism
<http://econpapers.repec.org/RePEc:zbw:cessdp:96>
By: Heise, Arne
<http://econpapers.repec.org/scripts/search.pf?aus=Heise,%20Arne>
Abstract: The capitalism John Maynard Keynes struggled to analyse was
clearly an industrial capitalism in which the investor used physical
capital only to end up with more money than he started with. It is
particularly the post Keynesian school of 'monetary or fundamentalist
Keynesianism' which elaborated Keynes's monetary theory of production into
an alternative economic paradigm that replaces the exchange ontology with
an ontology based on nominal obligations. As economic history reports a
higher speed of financial than real asset accumulation over the past half a
century - a process often dubbed "financialisation" -, doubts have been
raised as to whether this transformation of industrial capitalism into
financialised capitalism demands for a new macroeconomic approach.
Keywords: John Maynard Keynes,Hyman P. Minsky,monetary production
economy,industrialcapitalism,financial capitalism,Financial Instability
Hypothesis
Date: 2022
URL: http://d.repec.org/n?u=RePEc:zbw:cessdp:96&r=hpe
2. The Future Economics of Artificial Intelligence: Mythical Agents, a
Singleton and the Dark Forest
<http://econpapers.repec.org/RePEc:iza:izadps:dp15713>
By: Naudé, Wim
<http://econpapers.repec.org/scripts/search.pf?aus=Naud%C3%A9,%20Wim> (RWTH
Aachen University)
Abstract: This paper contributes to the economics of AI by exploring
three topics neglected by economists: (i) the notion of a Singularity (and
Singleton), (ii) the existential risks that AI may pose to humanity,
including that from an extraterrestrial AI in a Dark Forest universe; and
(iii) the relevance of economics' Mythical Agent (homo economicus) for the
design of value-aligned AI-systems. From the perspective of expected
utility maximization, which both the fields of AI and economics share,
these three topics are interrelated. By exploring these topics, several
future avenues for economic research on AI becomes apparent, and areas
where economic theory may benefit from a greater understanding of AI can be
identified. Two further conclusions that emerge are first that a
Singularity and existential risk from AI are still science fiction: which,
however, should not preclude economics from bearing on the issues (it does
not deter philosophers); and two, that economists should weigh in more on
existential risk, and not leave this topic to lose credibility because of
the Pascalian fanaticism of longtermism.
Keywords: technology, artificial intelligence, economics, growth,
existential risk, longtermism, Fermi Paradox, Grabby Aliens
JEL: O40 O33 D01 D64
<http://econpapers.repec.org/scripts/search.pf?jel=O40%20O33%20D01%20D64>
Date: 2022–11
URL: http://d.repec.org/n?u=RePEc:iza:izadps:dp15713&r=hpe
3. Motivated Memory in Economics - a Review
<http://econpapers.repec.org/RePEc:ajk:ajkdps:213>
By: Andrea Amelio
<http://econpapers.repec.org/scripts/search.pf?aus=Andrea%20Amelio>; Florian
Zimmermann
<http://econpapers.repec.org/scripts/search.pf?aus=Florian%20Zimmermann>
Abstract: In this article, we review the economics literature on the
motivated recall of information. Summarizing both theoretical and empirical
work, we highlight key results this literature has produced. We also
discuss methodological issues when studying motivated memory. We conclude
by highlighting open questions and possibly exciting avenues for future
research.
Keywords: Memory, Beliefs, Motivated Reasoning, Review
JEL: D01 <http://econpapers.repec.org/scripts/search.pf?jel=D01>
Date: 2022–12
URL: http://d.repec.org/n?u=RePEc:ajk:ajkdps:213&r=hpe
4. The first 50 contriutions to the Data Observer Series - An Overview
<http://econpapers.repec.org/RePEc:rsw:rswwps:rswwps279>
By: Joachim Wagner
<http://econpapers.repec.org/scripts/search.pf?aus=Joachim%20Wagner>
Abstract: Starting in issue 1 of volume 236 (2016), the Jahrbücher für
Nationalökonomie und Statistik / Journal of Economics and Statistics
publish a special section entitled Data Observer. Contributions to this
series describe data that can be used in empirical research in economics,
and in the social sciences in general. While most of these data sets are
micro data at the level of individuals, households, or firms (including
linked employer-employee data sets), cross section and time series data at
an aggregate level are covered as well. The purpose of the contributions to
this section is to describe the information that is available in the data
sets, to give examples of topics investigated with the data, and to inform
readers how to access these data for their own research. The contributions
are written by experts who often were in charge of collecting or building
the data sets. Furthermore, papers in the series portray the research data
centers and data service centers of data producing institutions that allow
academic researchers to work with (mostly confidential) micro data for
individuals and firms.
Keywords: Data Observer
Date: 2022
URL: http://d.repec.org/n?u=RePEc:rsw:rswwps:rswwps279&r=hpe
5. On Social Norms and Observability in (Dis)honest Behavior
<http://econpapers.repec.org/RePEc:osf:osfxxx:2nxv8>
By: Huber, Christoph
<http://econpapers.repec.org/scripts/search.pf?aus=Huber,%20Christoph> (WU
Vienna University of Economics and Business); Litsios, Christos
<http://econpapers.repec.org/scripts/search.pf?aus=Litsios,%20Christos>;
Nieper,
Annika S.
<http://econpapers.repec.org/scripts/search.pf?aus=Nieper,%20Annika%20S.>
(Vrije
Universiteit Amsterdam); Promann, Timo
<http://econpapers.repec.org/scripts/search.pf?aus=Promann,%20Timo>
Abstract: Transparency and observability have been shown to foster
ethical decision-making as people tend to comply with an underlying norm
for honesty. In a die-rolling experiment, we investigate whether
observability can have detrimental effects, however, in situations implying
a social norm for dishonesty. We thus introduce a norm nudge towards
honesty or dishonesty and make participants' decisions observable and open
to other participants' judgment in order to manipulate the observability of
people's decisions as well as the underlying social norm. We find that a
nudge towards honesty indeed increases the level of honesty, suggesting
that such a norm nudge can successfully induce behavioral change. Our
introduction of social image concerns via observability, however, does not
affect honesty and does not interact with our norm nudge.
Date: 2022–06–17
URL: http://d.repec.org/n?u=RePEc:osf:osfxxx:2nxv8&r=hpe
6. Humans Feel Too Special for Machines to Score Their Morals
<http://econpapers.repec.org/RePEc:tse:wpaper:127527>
By: Bonnefon, Jean-François
<http://econpapers.repec.org/scripts/search.pf?aus=Bonnefon,%20Jean-Fran%C3%A7ois>
; Purcell, Zoe
<http://econpapers.repec.org/scripts/search.pf?aus=Purcell,%20Zoe>
Abstract: Artificial Intelligence (AI) can be harnessed to create
sophisticated social and moral scoring systems —enabling people and
organizations to form judgements of others at scale. However, it also poses
significant ethical challenges and is, subsequently, the subject of wide
debate. As these technologies are developed and governing bodies face
regulatory decisions, it is crucial that we understand the attraction or
resistance that people have for AI moral scoring. Across four experiments,
we show that the acceptability of moral scoring by AI is related to
expectations about the quality of those scores, but that expectations about
quality are compromised by people's tendency to see themselves as morally
peculiar. We demonstrate that people overestimate the peculiarity of their
moral profile, believe that AI will neglect this peculiarity, and resist
for this reason the introduction of moral scoring by AI.
JEL: D91 <http://econpapers.repec.org/scripts/search.pf?jel=D91>
Date: 2022–11–25
URL: http://d.repec.org/n?u=RePEc:tse:wpaper:127527&r=hpe
7. An Ellsberg paradox for ambiguity aversion
<http://econpapers.repec.org/RePEc:grz:wpaper:2022-05>
By: Christoph Kuzmics
<http://econpapers.repec.org/scripts/search.pf?aus=Christoph%20Kuzmics>
(University
of Graz, Austria); Brian W. Rogers
<http://econpapers.repec.org/scripts/search.pf?aus=Brian%20W.%20Rogers>
(Washington
University in St. Louis, U.S.A.); Xiannong Zhang
<http://econpapers.repec.org/scripts/search.pf?aus=Xiannong%20Zhang>
(Washington
University in St. Louis, U.S.A.)
Abstract: The 1961 Ellsberg paradox is typically seen as an empirical
challenge to the subjective expected utility framework. Experiments based
on Ellsberg's design have spawned a variety of new approaches, culminating
in a new paradigm represented by, now classical, models of ambiguity
aversion. We design and implement a decision-theoretic lab experiment that
is extremely close to the original Ellsberg design and in which,
empirically, subjects make choices very similar to those in the Ellsberg
experiments. In our environment, however, these choices cannot be
rationalized by any of the classical models of ambiguity aversion.
Keywords: Knightian uncertainty; subjective expected utility; ambiguity
aversion; lab experiment.
JEL: C91 D81
<http://econpapers.repec.org/scripts/search.pf?jel=C91%20D81>
Date: 2022–12
URL: http://d.repec.org/n?u=RePEc:grz:wpaper:2022-05&r=hpe
------------------------------
This nep-hpe issue is ©2022 by <http://econpapers.repec.org/RAS/pth72.htm>Erik
Thomson. It is provided as is without any express or implied warranty. It
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