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Recently the World Economic Forum pondered whether organizations should be hiring an AI Ethics Officer to ensure that the algorithms being developed made fair and ethical decisions. “This could deepen existing structural injustices, skew power balances further, threaten human rights and limit access to resources and information.”
In retrospect, if I had to write it again, I’d include a section or chapter on ethics. The ongoing explosion of technologically-enabled business opportunities inherently expand the ethical dilemmas, quandaries and trade-offs managements will confront. Ethics Information & technology Innovation' but sometimes, they will.
As Nobel Prize-winning psychologist Daniel Kahneman has written, "For most people, the fear of losing $100 is more intense than the hope of gaining $150. While the phenomenon of loss aversion has been well-documented, it''s worth noting that Kahneman himself refers to "most people" — not all — when describing its prevalence.
Nobel Prize winner Daniel Kahneman described this distinction as “being happy in your life” versus “being happy about your life.” But what kind of happiness do people want? Is it happiness experienced moment-to-moment? Or is it being able to look back and remember a time as happy?
Two years later, in 2002, the co-leader of that invasion, Princeton psychology professor Daniel Kahneman, won an economics Nobel (the other co-leader, Amos Tversky, had died in 1996). Lazear acknowledged one such indicator in his article — the invasion of economics by psychological teachings about cognitive bias.
Ethical consumerism is the broad label for companies providing products that appeal to people’s best selves (for example, fair trade coffee or a purchase that includes a donation to a charitable cause). This pessimistic stance stems primarily from the lower sales of ethical brands. We cannot shop our way to a better world.”
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