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Article
Publication date: 10 August 2021

Christian Hugo Hoffmann

The purpose of this paper is to offer a panoramic view at the credibility issues that exist within social sciences research.

Abstract

Purpose

The purpose of this paper is to offer a panoramic view at the credibility issues that exist within social sciences research.

Design/methodology/approach

The central argument of this paper is that a joint effort between blockchain and other technologies such as artificial intelligence (AI) and deep learning and how they can prevent scientific data manipulation or data forgery as a way to make science more decentralized and anti-fragile, without losing data integrity or reputation as a trade-off. The authors address it by proposing an online research platform for use in social and behavioral science that guarantees data integrity through a combination of modern institutional economics and blockchain technology.

Findings

The benefits are mainly twofold: On the one hand, social science scholars get paired with the right target audience for their studies. On the other hand, a snapshot of the gathered data at the time of creation is taken so that researchers can prove that they used the original data set to peers in the future while maintaining full control of their data.

Originality/value

The proposed combination of behavioral economics with new technologies such as blockchain and AI is novel and translated into a cutting-edge tool to be implemented.

Details

foresight, vol. 23 no. 6
Type: Research Article
ISSN: 1463-6689

Keywords

Article
Publication date: 5 November 2019

Christian Hugo Hoffmann and André Dahlinger

The purpose of this paper is to explore socio-economic implications of decentralized autonomous self-owned businesses.

Abstract

Purpose

The purpose of this paper is to explore socio-economic implications of decentralized autonomous self-owned businesses.

Design/methodology/approach

The authors take the approach of a case study analysis.

Findings

Unlike dark scenarios according to which almost half of our jobs are at risk in the wake of new emerging technologies such as AI and Blockchain (Frey and Osborne, 2013), the authors envision a world of decentralized autonomous self-owned businesses, using the example of the taxi market. The authors, first, outline their characteristics and how they work. Second, they elaborate on the socio-economic implications of markets where this novel kind of business enters. Third and most important, the authors argue that so-called robo-economic systems would be tantamount to a post-capitalistic society that is enforced by applying capitalistic principles.

Research limitations/implications

The presented scenario of this paper is very futuristic and furthermore reduces a complex system quite drastically to be able to focus on the two implications of interest. Therefore, we are confronted with the necessity to take assumptions on socio-technical feasibilities and individual preferences. Most of these assumptions can be challenged (see Section 6.3).

Social implications

The scenario presented by the authors stands in contrast to the fear that increased automation inherently leads to increased inequality. There is a general debate going on whether automation and digitalization will lead to a massive loss of employment, because machines will replace humans in many fields of work. Frey and Osborne (2013) estimate that nearly every second job is at risk to disappear in the coming decades because of computerization. Hence, many people fear to be left behind because of this development and inequality will increase tremendously as only those who own the machines will benefit directly from the profit share. In the scenario, however, the profits are mostly distributed among the consumers via reduced prices.

Originality/value

The proposed scenario seems to reconcile socialism (less private property) with liberalism (a radicalization of markets) and shows an effective way to tackle market power, the problem that certain persons and firms would benefit almost exclusively from the increased profit margins promised by automation.

Open Access
Article
Publication date: 29 March 2023

Christian Hugo Hoffmann

The purpose of this study is to showcase that the valuation of startups is still considered to be more “art than science”. Moreover, such non-rigorous approaches often lead to…

Abstract

Purpose

The purpose of this study is to showcase that the valuation of startups is still considered to be more “art than science”. Moreover, such non-rigorous approaches often lead to valuations, which turn out to be too high, which in turn has become a well-known phenomenon to a broader audience due to shining examples such as We Work. This is reason enough to revisit the important topic of where we stand today with startup valuation procedures and methodologies.

Design/methodology/approach

Literature synthesis and exploratory analysis.

Findings

While some studies describe sound results about how to assess startups, what the authors found was that many questions remain open or have not been covered at all. This is the reason why the authors needed to apply a substantial amount of reasoning in the analysis of studies, which do not exactly deal with startup companies. The authors provided some interesting impulses for future research.

Originality/value

Based on an original overview of the current state of research about the valuation of startup companies, this paper makes the following principal contribution to both the literature and practice: on the one hand, the authors assess four impact factors on startup values critically; on the other, the authors provide an outlook on promising future research avenues.

Details

Journal of Ethics in Entrepreneurship and Technology, vol. 3 no. 1
Type: Research Article
ISSN: 2633-7436

Keywords

Open Access
Article
Publication date: 24 December 2020

Christian Hugo Hoffmann

Following the call for strengthening the third pillar of knowledge in entrepreneurship as well as work-applied management contexts constituted by pragmatic design principles, we…

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Abstract

Purpose

Following the call for strengthening the third pillar of knowledge in entrepreneurship as well as work-applied management contexts constituted by pragmatic design principles, we present a case study on an insurtech for insurance firms specialized in smart contract insurance solutions such as flight delay or ski resort insurance.

Design/methodology/approach

Design science.

Findings

This not only serves as a pointer for how insurances may master their digital transformation while remaining competitive. But moreover, on the meta level, we find that the adoption of entrepreneurial design principles by the students, whose experiential project represents our case study, does not necessarily require continuous support or foundational knowledge to be delivered beforehand. However, for a deeper or more holistic assessment of the case sketched in their project, it makes sense to introduce them to newer developments such as the simple, practical framework of the Entrepreneur's Question Index.

Originality/value

Innovative teaching method on innovative topics.

Details

Journal of Work-Applied Management, vol. 13 no. 1
Type: Research Article
ISSN: 2205-2062

Keywords

Article
Publication date: 24 September 2019

Christian Hugo Hoffmann

Systemic risks affect financial market participants in many ways. However, the literature insists firmly that they are and, in fact, should be of little concern to (private) banks…

Abstract

Purpose

Systemic risks affect financial market participants in many ways. However, the literature insists firmly that they are and, in fact, should be of little concern to (private) banks (as opposed to regulators). The purpose of this paper is to argue for the relevance of systemic risks for private banks as opposed to regulators only by making use of causal loop models as being traditionally used in the discipline of systems dynamics. In contrast to the starting point for all common risk-management frameworks in banks, which is the classification of risks into risk categories, the authors show that risk has been compartmentalized too much and provide a strong case for a really holistic approach.

Design/methodology/approach

Systems thinking, causal loop models and conceptual approach.

Findings

Relevance of systemic risks for private banks as opposed to regulators only. In contrast to the starting point for all common risk-management frameworks in banks, which is the classification of risks into risk categories, the authors show that risk has been compartmentalized too much and provide a strong case for a really holistic approach, which stems from using explanatory models such as causal loop diagrams. On top of that more explanatory models ought to be used for risk management purposes while banks currently rely too much on statistical-descriptive approaches.

Originality/value

Integration of systems thinking into risk management, which is novel: in contrast to the starting point for all common risk-management frameworks in banks, which is the classification of risks into risk categories, the authors show that risk has been compartmentalized too much and provide a strong case for a really holistic approach.

Article
Publication date: 1 March 1985

Tomas Riha

Nobody concerned with political economy can neglect the history of economic doctrines. Structural changes in the economy and society influence economic thinking and, conversely…

2540

Abstract

Nobody concerned with political economy can neglect the history of economic doctrines. Structural changes in the economy and society influence economic thinking and, conversely, innovative thought structures and attitudes have almost always forced economic institutions and modes of behaviour to adjust. We learn from the history of economic doctrines how a particular theory emerged and whether, and in which environment, it could take root. We can see how a school evolves out of a common methodological perception and similar techniques of analysis, and how it has to establish itself. The interaction between unresolved problems on the one hand, and the search for better solutions or explanations on the other, leads to a change in paradigma and to the formation of new lines of reasoning. As long as the real world is subject to progress and change scientific search for explanation must out of necessity continue.

Details

International Journal of Social Economics, vol. 12 no. 3/4/5
Type: Research Article
ISSN: 0306-8293

Content available
Book part
Publication date: 11 August 2020

Phil Mullan

Abstract

Details

Beyond Confrontation: Globalists, Nationalists and Their Discontents
Type: Book
ISBN: 978-1-83982-560-6

Article
Publication date: 1 July 1908

THE catalogue, as a library appliance of importance, has had more attention devoted to it than, perhaps, any other method or factor of librarianship. Its construction, materials…

Abstract

THE catalogue, as a library appliance of importance, has had more attention devoted to it than, perhaps, any other method or factor of librarianship. Its construction, materials, rules for compilation and other aspects have all been considered at great length, and in every conceivable manner, so that little remains for exposition save some points in the policy of the catalogue, and its effects on progress and methods. In the early days of the municipal library movement, when methods were somewhat crude, and hedged round with restrictions of many kinds, the catalogue, even in the primitive form it then assumed, was the only key to the book‐wealth of a library, and as such its value was duly recognized. As time went on, and the vogue of the printed catalogue was consolidated, its importance as an appliance became more and more established, and when the first Newcastle catalogue appeared and received such an unusual amount of journalistic notice, the idea of the printed catalogue as the indispensable library tool was enormously enhanced from that time till quite recently. One undoubted result of this devotion to the catalogue has been to stereotype methods to a great extent, leading in the end to stagnation, and there are places even now where every department of the library is made to revolve round the catalogue. Whether it is altogether wise to subordinate everything in library work to the cult of the catalogue has been questioned by several librarians during the past few years, and it is because there is so much to be said against this policy that the following reflections are submitted.

Details

New Library World, vol. 11 no. 1
Type: Research Article
ISSN: 0307-4803

Abstract

Details

Crime and Human Rights
Type: Book
ISBN: 978-0-85724-056-9

Content available
Book part
Publication date: 13 April 2020

William Outhwaite

Abstract

Details

Transregional Europe
Type: Book
ISBN: 978-1-78769-494-1

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