The first presenter, Professor Mariana Mazzucato (University of Sussex, UK), spoke about EU innovation policy in relation to risk taking and obtaining the return, and she challenged the common, but false, assumption that the public sector has a limited role in economic growth and innovation. The second presenter, technology writer Glyn Moody, focused on equitable licensing, open-source research...

When is it best for the Principal to commit not to disclosing all what she knows in moral hazard interactions. I show that whenever the agent would choose the same action under complete information at several distinct states, then full transparency can generically be improved upon. This implies that full transparency is generically suboptimal whenever the dimension of the information held by th...

be addressed with the patient and his family. In the movie The Wrath of Khan (1982), Spock in his usual logical way says “the needs of the many outweigh the needs of the few” (“or the one”). Doctors have a moral obligation to not just the patient in front of them but also to the larger society. They have to wrestle with questions whether the medical resources currently devoted to their patient ...

Ambient Intelligence Systems are complex, knowledge providing systems. The group of intended users typically comprises both various kinds of professionals and of laymen. In this chapter we address responsibility issues associated with the use and design of AmISs. We explain the connection between knowledge and responsibility, and use that connection to show that the usage of Ambient Intelligenc...

Dr Karen Broadhurst is a lecturer in Applied Social Science in the Department of Applied Social Science, Lancaster University. Her research interests centre on the organization and delivery of child welfare services. She has a particular interest in the use of ethnographic methods to examine the ‘local’ enactment of law and social policy. Recent publications include ‘Parental help-seeking and t...

Sensitivity to others' emotions is foundational for many aspects of human life, yet computational models do not currently approach the sensitivity and specificity of human emotion knowledge. Perception of isolated physical expressions largely supplies ambiguous, low-dimensional, and noisy information about others' emotional states. By contrast, observers attribute specific granular emotions to ...

On her first day as The BMJ’s patient editor in 2014, Rosamund Snow disclosed that a favourite pastime of hers was watching classic episodes of Coronation Street. Early storylines in the long running ITV soap were a particular draw, she said, especially rows between Ena Sharples, the street’s self-appointed moral guardian, and Elsie Tanner, the middle aged single mother looking for the elusive ...

We investigate the moral hazard problem in which the principal delegates multiple tasks to two agents. She imperfectly monitors the action choices by observing the public signals that are correlated through the macro shock and that satisfy conditional independence. When the number of tasks is sufficiently high, relative performance evaluation functions effectively for unique implementation, whe...

In a principal-agent environment with moral hazard, when contracting occurs after the principal receives information about her technology, the principal cannot insure against the possibility that the technology is less informative. From an ex ante perspective, we show that: (i) the principal is worse off by acquiring private information if the agent will know that she is informed; (ii) the valu...