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Events

In light of the current public health COVID-19 situation, all of our public events have been cancelled, postponed or moved online.

Virtual Seminar in Economic Theory: The (In)Elasticity of Moral Ignorance

Thursday, 21 May 2020
16:00
Professor. Dr Nora Szech Chair of Political Economy
Virtual seminar

Speaker: Professor. Dr Nora Szech Chair of Political Economy

Abstract:

Ignorance enables individuals to act immorally. This is well known in policy circles, where there is keen interest in lowering moral ignorance. In this paper, we demonstrate the relevance of demand elasticity to ignorance by showing that small monetary incentives can significantly reduce ignorance. We contrast monetary incentives with social norms, which have little impact on ignorance and actually increase ignorance in more selfish individuals. Using a longitudinal design, we document that ignorance is persistent across moral contexts and through time. We propose and structurally estimate a simple behavioural model in line with our finding.

Click here to learn more about the speaker

Virtual Seminar in Economic Theory: The (In)Elasticity of Moral Ignorance

Thursday, 21 May 2020
16:00
Professor. Dr Nora Szech Chair of Political Economy
Virtual seminar

Speaker: Professor. Dr Nora Szech Chair of Political Economy

Abstract:

Ignorance enables individuals to act immorally. This is well known in policy circles, where there is keen interest in lowering moral ignorance. In this paper, we demonstrate the relevance of demand elasticity to ignorance by showing that small monetary incentives can significantly reduce ignorance. We contrast monetary incentives with social norms, which have little impact on ignorance and actually increase ignorance in more selfish individuals. Using a longitudinal design, we document that ignorance is persistent across moral contexts and through time. We propose and structurally estimate a simple behavioural model in line with our finding.

Click here to learn more about the speaker

Virtual Seminar in Economic Theory: The (In)Elasticity of Moral Ignorance

Thursday, 21 May 2020
16:00
Professor. Dr Nora Szech Chair of Political Economy
Virtual seminar

Speaker: Professor. Dr Nora Szech Chair of Political Economy

Abstract:

Ignorance enables individuals to act immorally. This is well known in policy circles, where there is keen interest in lowering moral ignorance. In this paper, we demonstrate the relevance of demand elasticity to ignorance by showing that small monetary incentives can significantly reduce ignorance. We contrast monetary incentives with social norms, which have little impact on ignorance and actually increase ignorance in more selfish individuals. Using a longitudinal design, we document that ignorance is persistent across moral contexts and through time. We propose and structurally estimate a simple behavioural model in line with our finding.

Click here to learn more about the speaker