Download or read book What s in a Picture Evidence of Discrimination from Prosper com written by Devin G. Pope and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze discrimination in a new type of credit market known as peer-to-peer lending. Specifically, we examine how lenders in this online market respond to signals of characteristics such as race, age, and gender that are conveyed via pictures and text. We find evidence of significant racial disparities; loan listings with blacks in the attached picture are 25 to 35 percent less likely to receive funding than those of whites with similar credit profiles. Conditional on receiving a loan, the interest rate paid by blacks is 60 to 80 basis points higher than that paid by comparable whites. Though less significant than the effects for race, we find that the market also discriminates somewhat against the elderly and the overweight, but in favor of women and those that signal military involvement. Despite the higher average interest rates charged to blacks, lenders making such loans earn a lower net return compared to loans made to whites with similar credit profiles because blacks have higher relative default rates. This pattern of net returns is inconsistent with theories of accurate statistical discrimination (equal net returns) or costly taste-based preferences against loaning money to black borrowers (higher net returns for blacks). It is instead consistent with partial taste-based preferences by lenders in favor of blacks over whites or with systematic underestimation by lenders of relative default rates between blacks and whites.
Download or read book Discrimination and Privacy in the Information Society written by Bart Custers and published by Springer Science & Business Media. This book was released on 2012-08-11 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Vast amounts of data are nowadays collected, stored and processed, in an effort to assist in making a variety of administrative and governmental decisions. These innovative steps considerably improve the speed, effectiveness and quality of decisions. Analyses are increasingly performed by data mining and profiling technologies that statistically and automatically determine patterns and trends. However, when such practices lead to unwanted or unjustified selections, they may result in unacceptable forms of discrimination. Processing vast amounts of data may lead to situations in which data controllers know many of the characteristics, behaviors and whereabouts of people. In some cases, analysts might know more about individuals than these individuals know about themselves. Judging people by their digital identities sheds a different light on our views of privacy and data protection. This book discusses discrimination and privacy issues related to data mining and profiling practices. It provides technological and regulatory solutions, to problems which arise in these innovative contexts. The book explains that common measures for mitigating privacy and discrimination, such as access controls and anonymity, fail to properly resolve privacy and discrimination concerns. Therefore, new solutions, focusing on technology design, transparency and accountability are called for and set forth.
Download or read book Handbook on Economics of Discrimination and Affirmative Action written by Ashwini Deshpande and published by Springer Nature. This book was released on 2023-07-17 with total page 909 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook deals with theoretical and empirical evidence on the economics of discrimination and affirmative action across the world, assessed over a variety of social identities, such as caste, race, ethnicity, gender, disability, age, tribal status. It also outlines methodological advances in this area, with plenty of additional references for the interested reader. It combines theoretical frameworks developed in the West with historical writings about discrimination and social justice from primarily Indian philosophers, aspects which are typically not found under one roof. It offers the reader a combination of insights into theories across a range of disciplines, as well as evidence, data –both quantitative and qualitative, in addition to the latest methodological advances in the estimation of discrimination – econometric, experimental, mixed-methods.
Download or read book Work Out Your Salvation written by D. Glenn Butner Jr. and published by Fortress Press. This book was released on 2024-04-09 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Work Out Your Salvation, D. Glenn Butner Jr. demonstrates that participation in markets forms our moral character, perceptions, actions, and ideas. Drawing on experimental economics and moral theology, he argues that the nature of such formation varies based on the design of the market and our interactions within it. How, he asks, does formation of the market relate to the formation of grace--providence, justification, and sanctification? Are these forces at war for our souls? Through a detailed analysis of these three doctrines and the theology of common grace and concurrent divine/human action, Work Out Your Salvation argues that God can work through the social context of markets, through human identity, and through economic incentive structures to foster providentially the created basis for the supernatural gifts of justification and sanctification. Careful and theologically guided participation in a market can, by common grace, provide the occasion for positive spiritual formation through concurrent divine action. However, such formation is not guaranteed. Maladaptive practices, ideas, and identities can also be fostered by markets not oriented toward a supernatural end. Butner provides detailed evidence backed by extensive experimental and empirical research as to which market practices allow Christians to "work out their salvation" (Phil 2:12) and which practices resist such moral transformation. Work Out Your Salvation undermines simplistic endorsements or rejections of capitalism in favor of more nuanced analysis and lays bare which features of markets make us better and which make us worse.
Download or read book Social and Psychological Dimensions of Personal Debt and the Debt Industry written by Carl Walker and published by Springer. This book was released on 2015-08-25 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: An understanding of personal debt requires an understanding of the complex social systems that produce poverty. By drawing upon international perspectives, this book investigates why more and more people are in debt, why it is causing so much mental distress and exactly who is benefiting from what has become the world's number one growth industry.
Download or read book Frontiers in Internet Technologies written by Jinshu Su and published by Springer. This book was released on 2013-12-13 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the refereed proceedings of the Second CCF Internet Conference of China, ICoC 2013, held in Zhangjiajie, China, in July 2013. The 24 revised full papers presented were carefully reviewed and selected from 63 submissions. The papers address issues such as future Internet architecture, Internet routing, network security, network management, data center networks, green networks, wireless networks, P2P networks, mobile Internet and the Internet of Things.
Download or read book Crowdfunding written by Douglas J. Cumming and published by Academic Press. This book was released on 2019-09-15 with total page 506 pages. Available in PDF, EPUB and Kindle. Book excerpt: Crowdfunding: Fundamental Cases, Facts, and Insights presents fundamental knowledge on this maturing economic field. Assembling and arranging datasets, case analyses, and other foundational materials on subjects associated with crowdfunding, the book systematically, comprehensively and authoritatively provides access to a consistent body of crowdfunding research. With the crowdfunding industry now consolidated, this core reference can serve as the basis for research projects and applied work. Presents a complete scope of crowdfunding areas in the international landscape Combines economics with international business, management, law and finance Enables practitioners and researchers to compare regulatory frameworks, best practices and market opportunities Includes a freely available website of supplementary pedagogical material
Download or read book Consequences of Rewards written by Sarah Katherine Harkness and published by Stanford University. This book was released on 2011 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation focuses on how status and rewards jointly impact the creation, perpetuation and erosion of social inequality. Rewards are objects or positions that come to have differential levels of prestige when they are affiliated with groups of varying status, such as certain types of educational degrees, technologies, awards, and the like. Expectations about who we are and what we should be able to achieve are formed based on a combination of both our characteristics and displayed status markers. The first study experimentally tests whether rewards have the power to create entirely new status characteristics and bases of inequality. The second study is an examination of how assessments of competence and trustworthiness systematically bias the distribution of rewards and, thereby, the perpetuation of inequality, by examining how lenders perceive loan applicants and make funding decisions in experimentally created lending markets. The third study explores whether rewards have the power to neutralize status-based inequality when low status individuals are rewarded with markers of a much higher honorific value than members of high status groups.
Download or read book Handbook of Research on Crowdfunding written by Hans Landström and published by Edward Elgar Publishing. This book was released on 2019 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: Crowdfunding is a hot topic and this Handbook provides a service to the research community by codifying, discussing and examining research in this area. It will be a starting point for researchers seeking high quality research in this new and important area.
Download or read book Contemporary Topics in Finance written by Iris Claus and published by John Wiley & Sons. This book was released on 2019-02-27 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: The literature surveys presented in this edited volume provide readers with up-to-date reviews on eleven contemporary topics in finance. Topics include unconventional monetary policy, implicit bank guarantees, and financial fraud - all linked to the exceptional event of the Global Financial Crisis Explores how recent studies on inflation risk premia and finance and productivity have benefitted from new empirical methods and the availability of relevant data Demonstrates how angel investing, venture capital, relationship lending and microfinance have benefitted from increased research as they have become more seasoned Investigates crowdfunding and crypto-currencies which have both arisen from recent technological developments
Download or read book GoFailMe written by Erik Schneiderhan and published by Stanford University Press. This book was released on 2023-09-26 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The gaping holes in the U.S. and Canadian social safety nets mean that many people live in a state of financial precarity that can instantly become untenable in the face of another big expense, such as a large medical bill or damaged property. Historically, people have turned to their communities, neighbors, families, and loved ones for help in these situations. Today, asking for money on the internet through crowdfunding is among the most popular ways of seeking and donating to charity, and for-profit enterprises have realized that tapping into this instinct for helping is extremely good business. GoFailMe reveals how these sites, most notably GoFundMe, enjoy massive revenue, without providing the help they promise. They fail most of their users while putting them through an emotional rollercoaster and using sneaky tactics to obscure that reality. With unprecedented access to interviews, surveys, and hundreds of thousands of crowdfunding cases across North America, Erik Schneiderhan and Martin Lukk take on pressing questions with critical insight: When do we turn to others for help? Who succeeds and who fails in the digital crowd? Whom do these sites benefit? Ultimately, the failure of GoFundMe and others is emblematic of the inability of the for-profit sector and Big Tech to engineer an end to social inequality.
Download or read book Research Handbook on Alternative Finance written by Franklin Allen and published by Edward Elgar Publishing. This book was released on 2024-04-12 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: Promoting a comparative perspective, this comprehensive Research Handbook aids in the understanding of alternative finance and its values in a global setting. Readers are encouraged to view alternative finance through the lens of economic mechanisms rather than terminology.
Download or read book Handbook of Research on Social and Organizational Dynamics in the Digital Era written by Idemudia, Efosa C. and published by IGI Global. This book was released on 2019-08-30 with total page 667 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technology in the world today impacts every aspect of society and has infiltrated every industry, affecting communication, management, security, etc. With the emergence of such technologies as IoT, big data, cloud computing, AI, and virtual reality, organizations have had to adjust the way they conduct business to account for changing consumer behaviors and increasing data protection awareness. The Handbook of Research on Social and Organizational Dynamics in the Digital Era provides relevant theoretical frameworks and the latest empirical research findings on all aspects of social issues impacted by information technology in organizations and inter-organizational structures and presents the conceptualization of specific social issues and their associated constructs. Featuring coverage on a broad range of topics such as business management, knowledge management, and consumer behavior, this publication seeks to advance the practice and understanding of technology and the impacts of technology on social behaviors and norms in the workplace and society. It is intended for business professionals, executives, IT practitioners, policymakers, students, and researchers.
Download or read book Capital Markets Union and Beyond written by Franklin Allen and published by MIT Press. This book was released on 2024-03-12 with total page 391 pages. Available in PDF, EPUB and Kindle. Book excerpt: Experts from economics, finance, law, policy, and banking discuss the design and implementation of a future capital market union in Europe. The plan for further development of Europe's economic and monetary union foresees the creation of a capital market union (CMU)—a single market for capital in the entire Eurozone. The need for citizens and firms of all European countries to have access to funding, together with the pressure to improve the efficiency and risk-sharing opportunities of the financial system in general, put the CMU among the top priorities on the Eurozone's agenda. In this volume, leading academics in economics, finance, and law, along with policy makers and practitioners, discuss the design and implementation of a future CMU. Contributors describe the key design challenges of the CMU; specific opportunities and obstacles for reaching the CMU's goals of increasing the economic well-being of households and the profitability and viability of firms; the role that markets—from the latest fintech developments to traditional equity markets—can play in the future success of CMU; and the institutional framework needed for CMU in the aftermath of the global recession. Contributors Sumit Agarwal, Franklin Allen, Valentina Allotti, Gene Amromin, John Armour, Geert Bekaert, Itzhak Ben-David, Marcello Bianchi, Lorenzo Bini-Smaghi, Claudio Borio, Franziska Bremus, Marina Brogi, Claudia M. Buch, Giacomo Calzolari, Souphala Chomsisengphet, Luca Enriques, Douglas D. Evanoff, Ester Faia, Eilis Ferran, Jeffrey N. Gordon, Michael Haliassos, Campbell R. Harvey, Kathryn Judge, Suzanne Kalss, Valentina Lagasio, Katya Langenbucher, Christian T. Lundblad, Massimo Marchesi, Alexander Michaelides, Stefano Micossi, Emanuel Moench, Mario Nava, Giorgio Barba Navaretti, Giovanna Nicodano, Gianmarco Ottaviano, Marco Pagano, Monica Paiella, Lubos Pastor, Alain Pietrancosta, Richard Portes, Alberto Franco Pozzolo, Stephan Siegel, Wolfe-Georg Ringe, Diego Valiante
Download or read book Microfinance and Financial Inclusion written by Eugenia Macchiavello and published by Routledge. This book was released on 2017-07-20 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following the recent global financial crisis there is a growing interest in alternative finance – and microfinance in particular – as new instruments for providing financial services in a socially responsible way or as an alternative to traditional banking. Nonetheless, correspondingly there is also a lack of clarity about how to regulate alternative financial methods particularly in light of the financial crisis’ lessons on regulatory failure and shadow banking’s risks. This book considers microfinance from a legal and regulatory perspective. Microfinance is the provision of a wide range of financial services, particularly credit but also remittances, savings, to low-income people or financially excluded people. It combines a business structure with social inspiration, often resorts to technological innovations to lower costs (Fintech: e.g. crowdfunding and mobile banking) and merges with traditional local experiences (e.g. financial cooperatives and Islamic finance), this further complicating the regulatory picture. The book describes some of the unique dimensions of microfinance and the difficulties that this can cause for regulators, through a comparative analysis of selected European Union (EU) countries’ regimes. The focus is in fact on the EU legal framework, with some references to certain developing world experiences where relevant. The book assesses the impact and validity of current financial regulation principles and rules, in light of the most recent developments and trends in financial regulation in the wake of the financial crisis and compares microfinance with traditional banking. The book puts forward policy recommendations for regulators and policy makers to help address the challenges and opportunities offered by microfinance.
Download or read book Banking written by Graham Flower and published by Troubador Publishing Ltd. This book was released on 2012 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past 30 years, banks have increasingly lost their relevance to the customer. Thinking that primarily focused on their internal needs, and not their customers’, led to them to neglect emerging customer trends and created a space for new competitors to challenge their position. Consumers learnt many valuable lessons during the financial crisis at the end of the first decade of the 21st century, which coincided with the phenomenal rise of social media and consumer-orientated technology, such as smartphone and tablet apps. Uncertainty educated them about the need to gain control over their money and social media taught them the value of their personal data. Banks can no longer assume that they can use consumers’ personal data without their approval. If regulators don’t force banks to become more transparent, consumers certainly will. Banks continue to torture customers with push marketing techniques based on models with declining response rates, whilst ignoring the customers trying to buy across disconnected channels. Meanwhile, new lean non-bank competitors stalk banks, offering consumers compelling experiences by leveraging the new technology, a superior understanding of consumers’ needs (as they are not hindered by legacy product or channel-based thinking) and better use of data.However, all is not lost for traditional banks that have lost relevance to their customers. Banking: In search of relevance outlines a new model to help regain relevance in the customer’s eyes and discuss how banks might survive the impact of the consumer and technology shockwave. The book will appeal to any executive running a multi-channel financial services business, either B2C or B2B.
Download or read book U C Davis Law Review written by University of California, Davis. School of Law and published by . This book was released on 2011 with total page 696 pages. Available in PDF, EPUB and Kindle. Book excerpt:
