More on the Ethics of Bitcoin

March 28th, 2016 by Kara in Case Studies

    By: Seamus Vaughan Lucey Bitcoin is a digital currency that uses encryption techniques to verify the transfer of funds. Bitcoin transactions take place on a peer-to-peer basis and consequently the currency operates independently of third party payment providers as well as government and banking regulation. Transactions using bitcoin are confirmed by a transaction ledger called the blockchain, which makes all transactions using the currency public to those within the bitcoin network. Bitcoins are created via the process of mining, which involves solving complex mathematically equations using powerful computers, the limit of ...

Interview with Richard H. Thaler on Misbehaving

March 11th, 2016 by Kara in Interviews

  SPI: Your book, Misbehaving:The Making of Behavioral Economics is among Inc.com’s 10 best business books for 2015. Can you tell our readers what the book is about? RHT: The title has two meanings.  The first refers to my discipline, behavioral economics.  In standard economics, the unbehavioral kind, people are assumed to have supernatural powers of computation and infinite willpower.  They always make the “right” choice. Of course such people do not exist except in the minds of economists.  Real people “misbehave”.  And by spending my life pointing out these behavioral departures, ...