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It was argued in moral theology, and now in ethics, that mental reservation was a way to fulfill obligations both to tell the truth and to keep secrets from those not entitled to know them (for example, because of the seal of the confessional or other clauses of confidentiality). Mental reservation, however, is regarded as unjustifiable without ...
Truth is the most valuable thing we have. Let us economise it. The precise phrase "economical with the truth" is attested from 1897. [10] [11] It was used in the New Zealand House of Representatives in 1923, [12] and the House of Commons of Canada in 1926; [13] "over-economical with the truth" was used in the British House of Commons in 1968.
Therefore, the design problem is the inverse of traditional economic theory, which is typically devoted to the analysis of the performance of a given mechanism." [3] The 2007 Nobel Memorial Prize in Economic Sciences was awarded to Leonid Hurwicz, Eric Maskin, and Roger Myerson "for having laid the foundations of mechanism design theory."
In particular, scholars in economics and management have paid attention to the way firms participating in cartels work together to maintain secrecy and conceal their activities from antitrust authorities. [7] The diversity of the participants (in terms of age and size of the firms) influences their ability to coordinate to avoid being detected.
A trade secret is a form of intellectual property comprising confidential information that is not generally known or readily ascertainable, derives economic value from its secrecy, and is protected by reasonable efforts to maintain its confidentiality. [1] [2] [3] Well-known examples include the Coca-Cola formula and the recipe for Kentucky ...
Truth-default theory (TDT) is a communication theory which predicts and explains the use of veracity and deception detection in humans. It was developed upon the discovery of the veracity effect - whereby the proportion of truths versus lies presented in a judgement study on deception will drive accuracy rates.
Lindahl and Samuelson defined the Lindahl equilibrium in a general economy, in which there are both public and private goods. Fain, Goel and Mungala [6] present a specialized definition, for the case in which there are only public goods. There is a fixed budget B, and k types of divisible public goods.
Truth telling is crucial in media ethics as any opposition of truth telling is considered deception. Anything shown by the media whether print or video is considered to be original. When a statement is written in an article or a video is shown of a public official, it is the original “truthful” words of the individual official themselves.