Updating the Libel-Label Fallacy

The “banzhaf Fallacy” Fallacy

Label updating to avoid point-shaped obstacles in fixed model

In this paper, we present efficient algorithms for updating the labeling of a set of n points after the presence of a random obstacle that appears on the map repeatedly. We update the labeling so that the given obstacle does not appear in any of the labels, the new labeling is valid, and the labels are as large as possible (called the optimal labeling). Each point is assumed to have an axis-par...

The Sound of Silence: Political Accountability and Libel Law

This paper explores the role played by press regulation in selecting the information mass media deliver to voters. The focus is on whether press regulation can reduce political corruption and increase voters’ welfare. By endogenizing the response of the voters to information from the media, we clarify under which circumstances regulation reduces or increases corruption. We show that punitive la...

The Risk-return Fallacy

We assume that in the world of business, higher risks are only taken when rewarded with higher expected returns. This supposition has been confirmed empirically using capital market data. However, accounting measures have yielded puzzling results: using the mean and variance of ROE as measures of return and risk, respectively, Bowman (1980) and other researchers find a negative relationship bet...

The Abstract Meaning Fallacy

rights provisions are valuable even if their contours are not fully determined in advance. They shape the way that political actors understand and articulate the values inherent in the political system; they shape the beliefs of political actors about what they can and cannot do, what they are fighting for and what they are fighting against. But rights are less valuable, indeed not really valua...