scholarly journals Rational Inattention to News: The Perils of Forward Guidance

2016 ◽  
Vol 8 (1) ◽  
pp. 42-97 ◽  
Author(s):  
Gaetano Gaballo
Keyword(s):  
Value Of Information ◽  
Price Level ◽  
Future Price ◽  
Rational Inattention ◽  
Forward Guidance ◽  
The Social ◽  
The Future ◽  
Current Price ◽  
The Impact ◽  
Source Of Information

This paper studies the social value of information about the future. In a stylized OLG model, agents need to forecast the future price level, they observe the current price and perceive with idiosyncratic noise the expectation announced by a more informed authority. When forward guidance communication is loose, the market becomes a main source of information about the future. Reliance on market information amplifies the impact of shocks on prices, which increases ex ante uncertainty and worsens agents' forecasting ability, harming social welfare. However, an appropriate policy can convert the perils of the announcement in opportunities. (JEL D83, E13, E52, E62, H63)

scholarly journals Love in the time of Covid-19: a case-study of the complex laws governing weddings

Legal Studies ◽  
2021 ◽  
pp. 1-17
Author(s):  
Rebecca Probert ◽  
Stephanie Pywell
Keyword(s):  
First Century ◽  
Marriage Law ◽  
England And Wales ◽  
General Law ◽  
The Social ◽  
The Future ◽  
Fit For Purpose ◽  
The Law ◽  
The Impact

Abstract During 2020, weddings were profoundly affected by the Covid-19 pandemic. During periods of lockdown few weddings could take place, and even afterwards restrictions on how they could be celebrated remained. To investigate the impact of such restrictions, we carried out a survey of those whose plans to marry in England and Wales had been affected by Covid-19. The 1,449 responses we received illustrated that the ease and speed with which couples had been able to marry, and sometimes whether they had been able to marry at all, had depended not merely on the national restrictions in place but on their chosen route into marriage. This highlights the complexity and antiquity of marriage law and reinforces the need for reform. The restrictions on weddings taking place also revealed the extent to which couples valued getting married as opposed to having a wedding. Understanding both the social and the legal dimension of weddings is important in informing recommendations as to how the law should be changed in the future, not merely to deal with similar crises but also to ensure that the general law is fit for purpose in the twenty-first century.

scholarly journals The impact of forms of unemployment on the social conditions in the Palestinian society from the point of view of the Palestinian youth in the current period between 2015 – 2019: تأثير أشكال البطالة على الأوضاع الاجتماعية في المجتمع الفلسطيني من وجهة نظر الشباب الفلسطيني في الفترة الزمنية الحالية ما بين 2015 – 2019م

2019 ◽  
Vol 3 (12) ◽  
Author(s):  
Abdelmajid Nayif Alawneh
Keyword(s):  
Low Income ◽  
Point Of View ◽  
Social Conditions ◽  
The Social ◽  
The Family ◽  
Palestinian Society ◽  
Individual Family ◽  
The Future ◽  
The Individual ◽  
The Impact

    The research aims to study the impact of unemployment on the social conditions in the Palestinian society from the point of view of the unemployed youth, especially in the current time period (2019), the researcher used the descriptive analytical method, and the research community consists of young people in the governorate of Ramallah. The researcher used the questionnaire tool, and the data were analyzed by the analysis program (SPSS). It was found that the majority of youth are unemployed, they are middle age, single and large families, urban residents, people with specialties and low income. As for the results of the research, there was an increase in the impact of the forms of unemployment on the social conditions of the individual, family and society and their outlook towards the future, came the highest degree on the social conditions of the individual (6. 90%) and then the social conditions of the family (3. 83%), Followed by the societal conditions to reach the value (78%), came the lowest values ​​for the outlook for the future, which amounted to (67%). Some of the features of the impact of unemployment, including the tension, anxiety and frustration of the young group. As for the nature of the relationship between the variables of the study, there was a statistically significant relationship between the combined unemployment and the low income, between the apparent, persuasive and compulsory unemployment, and the individual, family and societal situations and the outlook for them. At the end of the research a number of recommendations were made, most notably the need to balance the types of education and activate the social and cultural role of the family.  

scholarly journals Non-renewable Resources and the Intergenerational Equity Problem in Saudi Arabia

2017 ◽  
Vol 1 (1) ◽  
pp. 44
Author(s):  
Norman Adamson Sigalla King
Keyword(s):  
Saudi Arabia ◽  
Economic Trend ◽  
Renewable Resource ◽  
Intergenerational Equity ◽  
Future Price ◽  
Nonrenewable Resource ◽  
Definition Of ◽  
The Impact ◽  
Source Of Information

This study examines the intergenerational equity problem of Saudi Arabia, a country that is highly dependent on oil, a non-renewable resource, for most of her income. The first part which is introductory covers the definition of the main concepts, the importance of energy and the Saudi Arabian economic trend. The second part covers oil production and the alternative and future strategies. The paper has articulated documentation as the major source of information, while maintaining review through thinking holistically as the drive to making analyses of the discussion. It is a case study design as it focuses on Saudi Arabia. The third part of the paper discusses the challenges to models, alternatives, and the impact of future price of oil. The paper concludes that managing an economy which has the strength of nonrenewable resource such as oil, need highly adept understanding of resource management while containing other industrial products to support the economy.

On the reliability of unreliable information

2016 ◽  
Vol 17 (1) ◽  
pp. 1-25 ◽  
Author(s):  
Dominic Mitchell ◽  
Joanna J. Bryson ◽  
Paul Rauwolf ◽  
Gordon P.D. Ingram
Keyword(s):  
Life History ◽  
Spatial Model ◽  
Value Of Information ◽  
Transmission Error ◽  
Relative Importance ◽  
Direct Experience ◽  
High Degree ◽  
The Impact ◽  
Source Of Information

Abstract When individuals learn from what others tell them, the information is subject to transmission error that does not arise in learning from direct experience. Yet evidence shows that humans consistently prefer this apparently more unreliable source of information. We examine the effect this preference has in cases where the information concerns a judgment on others’ behaviour and is used to establish cooperation in a society. We present a spatial model confirming that cooperation can be sustained by gossip containing a high degree of uncertainty. Accuracy alone does not predict the value of information in evolutionary terms; relevance, the impact of information on behavioural outcomes, must also be considered. We then show that once relevance is incorporated as a criterion, second-hand information can no longer be discounted on the basis of its poor fidelity alone. Finally we show that the relative importance of accuracy and relevance depends on factors of life history and demography.

The Oxford Handbook of Prisons and Imprisonment

2016 ◽  
Keyword(s):  
Behavioral Science ◽  
Focal Points ◽  
Comprehensive Understanding ◽  
Prison Programs ◽  
Specific Deterrence ◽  
The Social ◽  
Social And Behavioral Science ◽  
Critical Issues ◽  
The Impact ◽  
Source Of Information

The Oxford Handbook on Prisons and Imprisonment provides a rich source of information on institutional corrections around the world, covering the most critical issues facing both inmates and prison staff. The contributors offer theoretically informed and critical discussions of these issues that facilitate more objective and realistic assessments of related problems and their possible solutions. The handbook is the first original volume on prisons and prisoners to cover topics relevant to both the social and behavioral sciences with equal depth paid to each area. Focusing on the impact of these issues on the philosophies of incarceration (retribution, general and specific deterrence, incapacitation, and rehabilitation) is also unique to a single volume, providing a larger picture of their implications. Included are updated discussions of the always popular topics such as conditions of confinement and prisoner subcultures and topics that have taken or are destined to take greater priority in the field such as inmate victimization, special offender populations, prison programs, prisoner re-entry, and privatization. The handbook is divided into six sections corresponding to topic areas identified as major focal points of discussion and research in the field. As such, it provides a single source that bridges social and behavioral science perspectives, providing students with a comprehensive understanding of these topics while providing academics with a knowledge base that will more effectively inform their own research. For practitioners, particularly those in the treatment sector, the book provides an excellent overview of best program practices that are empirically based and research-driven.

Artificial Intelligence (AI) and the future of international trade

2020 ◽  
pp. 71-79
Author(s):  
O. Vikulova ◽  
D. Gornostaeva
Keyword(s):  
Artificial Intelligence ◽  
International Trade ◽  
Global Economy ◽  
Global Value Chains ◽  
Social Consequences ◽  
Value Chains ◽  
The Social ◽  
The Future ◽  
The Impact

Based on the latest foreign sources, the article examines the impact of Artifi cial Intelligence and related robotics and automatization on the global economy, international trade, global value chains, the motivation and activities of companies, especially TNCs, the activities of the WTO, as well as the social consequences of these processes.

Inattention in Contract Markets: Evidence from a Consolidation of Options in Telecom

2021 ◽  
Author(s):  
Bjørn-Atle Reme ◽  
Helene Lie Røhr ◽  
Morten Sæthre
Keyword(s):  
Price Change ◽  
Future Price ◽  
Supporting Evidence ◽  
Search Plan ◽  
Level Data ◽  
Timing Pattern ◽  
The Future ◽  
Telecom Operator ◽  
The Impact

We study customer inattention by utilizing a notification about a future price change in the mobile subscription market. With detailed customer-level data from a large telecom operator, together with data on prices and contracts offered by competitors, we document that the notification causes an increase in customer attention, which triggers search, plan switching, and churn. In particular, we show that the monthly propensity to churn increases by 60% (from 1% to 1.6%) among customers whose costs would decrease with the new prices. We also document an increase in churn directly after the notification, not at the time of the future price change, and argue that this timing pattern is evidence of sophisticated inattention: customers take immediate action to mitigate the impact of their own future inertia. We supplement the analysis with a survey and find supporting evidence for the important role of inattention in determining how consumers adapt to changes in the market. This paper was accepted by Eric Anderson, marketing.

scholarly journals Pengembangan Potensi Sumber Daya Manusia Melalui Teknologi Komunikasi Media Sosial di Era Milenial Desa Kampil

2021 ◽  
Vol 2 (4) ◽  
pp. 313-320
Author(s):  
Fitri Wulan Ningsih ◽  
Teddy Dyatmika
Keyword(s):  
Social Media ◽  
Young People ◽  
Communication Technology ◽  
Digital Transformation ◽  
Construction Workers ◽  
The Social ◽  
The Future ◽  
Use Of Social Media ◽  
The Impact

Abstrak: Memasuki era transformasi digital ditahun 2021, perkembangan teknologi komunikasi terutama media sosial sudah sangat pesat dan tak terbatas. Dalam dunia yang semakin canggih ini dibeberapa daerah di Indonesia masih beberapa daerah yang belum dapat mengoptimalkan media sosial salah satunya di desa Kampil RT 06 RW02 Kecamatan Wiradesa. Ditengah perkembangan teknologi komunikasi saat ini pemuda Desa Kampil RT 06 RW 02 masih mengandalkan pekerjaan mereka sebagai buruh bangunan, petani, pedagang rumahan, dan juga merantau ke kota lain dengan pekerjaan serupa bahkan ada yang tidak memiliki pekerjaan. Hal tersebut tentu menjadi masalah yang harus diselesaikan, tertutama bagi kalangan pemuda agar kedepannya desa kampil RT 06 menjadi desa yang sejahtera di bidang ekonomi. Dalam penyelesaian masalah ini, metode yang digunakan adalah metode training atau pelatihan. Teknologi komunikasi terutama kehadiran media sosial yang ada ditengah masyarakat saat ini dapat menjadi jalan keluar dari masalah tersebut. Dalam memanfaatkan teknologi itu sendiri yang cenderung menguasai dalam penggunaan teknologi komunikasi biasanya adalah pemuda, untuk itu pemuda adalah sasaran dalam penyelesaian masalah ini. Pelatihan yang dialakukan adalah dengan pengenalan media sosial, pemanfaatan media sosial untuk promosi dan bagaimana optimalisasi media sosial dalam mempromosikan produk dan jasa. Dampak yang muncul dari pelatihan ini adalah pemuda lebih memahami fungsi media sosial dan dapat memanfaatkan media sosial untuk keperluan promosi.Abstract: Entering the digital transformation era in 2021, communication technology, especially social media, is very fast and unlimited. In this increasingly sophisticated world, in some areas in Indonesia, there are still some areas that have not been able to optimize one of the social media in Kampil village, RT 06 RW02, Wiradesa sub-district. In the development of communication technology, the youth of Kampil Village RT 06 RW 02 still rely on their work as construction workers, farmers, home traders, and also migrate to other cities with similar jobs and some even do not have jobs. This is certainly a problem that must be resolved, especially for the youth so that in the future Kampil Village RT 06 becomes a prosperous village in the economic field. In solving this problem, the method used is the method of training or training. Communication technology, especially the presence of social media in today's society can be a way out of this problem. In utilizing the technology itself, those who master the use of communication technology are usually young people, for that youth are the targets in solving this problem. The training carried out is with the introduction of social media, the use of social media for and how to optimize social media in promoting products and services. The impact that emerged from this training was that young people better understood the function of social media and could use social media for promotional purposes.

The Impact of Religious and National Belonging on Attitudes Concerning the Social Importance of Religion

2017 ◽  
Vol 30 (1) ◽  
pp. 41-67 ◽  
Author(s):  
Hans-Georg Ziebertz
Keyword(s):  
Social Identity Theory ◽  
Moral Authority ◽  
Main Question ◽  
Religious Institutions ◽  
Human Beings ◽  
Social Authority ◽  
The Social ◽  
The Future ◽  
Social Importance ◽  
The Impact

Culture and religion are both collective phenomena. Social identity theory shows how both can function as a connective frame of reference for a certain group of human beings. Frames are unique; nevertheless, different frames can overlap each other. In this research, both big categories will be used to explore if and how they predict attitudes towards the social importance of religious institutions. Religious institutions are guided by religious authorities and these authorities have a specific responsibility to keep these institutions alive and prepare them for the future. In this research, respondents were asked how religious institutions can best be prepared for the future: whether they should use their social authority, moral authority, spiritual or cultural authority? The second and main question of this paper is: can the appreciated social importance of religious institutions be predicted by religious or non-religious reasons, i.e. by either respondents’ religious belonging or their national identity? A requirement for such research is the availability of a cross-cultural and cross-religious sample. In this paper, data were taken from the “Religion and Human Rights” programme and respondents from 14 countries (N=13.004) were included in the analysis. The findings show that respondents regard the social importance of religion differently and that differences depend on respondents’ country of citizenship and their religious belonging. If the weight of these influences is compared, respondents’ views are more strongly predicted by their national than by their religious belonging. The findings also show that there is an overlap between national culture and religion, which explains a certain percentage of the variance.

scholarly journals Education law prevention for crime following and the impact of disabled against children

2019 ◽  
Vol 4 (2) ◽  
pp. 206-216
Author(s):  
Marlina Marlina ◽  
Mahmud Mulyadi
Keyword(s):  
Sexual Abuse ◽  
Legal Provisions ◽  
The Social ◽  
Low Education ◽  
The Future ◽  
Legal Policies ◽  
Legal Understanding ◽  
Criminological Theories ◽  
Internet Development ◽  
The Impact

Children as the next generation of national and state struggles will determine the success and progress of the nation in the future. The rise of internet development and promiscuity through face books, wa, instructors raises the concern that children will be involved in the crime of sexual abuse. Protection and attention of parents, family and government for the development and future of children. Protection and legal policies as well as supervision and the social system of the community are very helpful in efforts to prevent the crime of sexual abuse and the effects of molestation on children. In partner villages, there are many parents, community leaders, traditional leaders and village officials who do not know the limits of criminal acts of sexual abuse and the effects of molestation on children's development in the future. In addition, the natural conditions of the partner villages are abundant with forests and hamlets as well as residents' houses within distance and level low education and income of citizens causes a lack of attention to the growth and development of children. The team considers it important to do legal education in partner villages. The method is with lectures, tutorials and distributing guidebooks to the community related to the theme of devotion. The results of the dedication show that there are 148 community cadres in partner villages who already have legal understanding and legal awareness about the factors that cause the crime of sexual abuse, the legal provisions for criminal acts of crime, criminological theories that cause delinquency and the impact on children and the collaboration of all components of society, parents, government villages and sub-districts in prevention efforts.

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