Repeated fake headlines feel more moral

Repeated Moral Hazard with Persistence∗

This paper considers the optimal contract when the current (hidden) action of an agent has a persistent effect on the future outcome. In this setting, the current outcome is not only a signal of the current action taken by the agent, but also conveys information about his past actions. The optimal contract in a two-effort choice, two-period setting is characterized analytically and numerically....

Negative News No More: Classifying News Article Headlines

I Feel Your Pain : Mirror Neurons , Empathy , and Moral Motivation

Mirror neurons are brain systems found in monkeys and humans that respond similarly to actions and to the perception of actions of others. This paper explores the implications of mirror neurons for several important philosophical problems, including knowledge of other minds, the nature of empathy, and moral motivation. It argues that mirror neurons provide a direct route to other minds, empathy...

FEEL YOUR PAIN : MIRROR NEURONS , EMPATHY , AND MORAL MOTIVATION Paul

Mirror neurons are brain systems found in monkeys and humans that respond similarly to actions and to the perception of actions of others. This paper explores the implications of mirror neurons for several important philosophical problems, including knowledge of other minds, the nature of empathy, and moral motivation. It argues that mirror neurons provide a more direct route to other minds, em...

Repeated moral hazard with effort persistence

We study a problem of repeated moral hazard where the e¤ect of e¤ort is persistent over time: each period’s outcome distribution is a function of a distributed lag of past e¤orts. We show that when the utility of the agent is linear in e¤ort, a simple rearrangement of terms in his lifetime utility translates this problem into a standard repeated moral hazard. As a consequence, the optimal consu...