Distrust

Trust in the ECB – insights from the Consumer Expectations Survey

Retrieved on: 
Tuesday, April 23, 2024

This article shows that trust in the ECB needs to be analysed and understood as a multifaceted concept. Analysis of data from the Consumer Expectations Survey shows that trust is not a matter of “yes” or “no”

Key Points: 


This article shows that trust in the ECB needs to be analysed and understood as a multifaceted concept. Analysis of data from the Consumer Expectations Survey shows that trust is not a matter of “yes” or “no”

Don’t trust politicians? That may not be such a bad thing

Retrieved on: 
Wednesday, April 10, 2024

But if you’re one of the distrustful majority, that may not be such a bad thing.

Key Points: 
  • But if you’re one of the distrustful majority, that may not be such a bad thing.
  • In a 2021 survey, just 24.5% of respondents across OECD, countries said they trust political parties.
  • National polls repeatedly show similar results, particularly in the wake of scandals involving politicians misbehaving.
  • Self-evidently, trustworthy leaders are preferable – but that doesn’t mean trusting them unconditionally once they’re in power.

Trust isn’t a ‘thing’

  • But there’s no optimal survey result, and no one should expect complete trust.
  • People talk metaphorically of “building” trust, but trust isn’t a “thing” that’s literally broken and rebuilt.
  • Political trust is about an underlying “deal” that keeps a society together and functioning.
  • People disagree about whom to trust, and judgment will partly depend on which politicians promote the policies people prefer.

Government is a work in progress

  • But leadership and government are themselves problems about which people have debated for millennia, with still no universally agreed solution in sight.
  • It’s worth noting, for example, that in China, most people tell pollsters that they trust their government.
  • There may be disagreements about how best to govern, but all states practice, by necessity, some form of government.
  • As there’s no handy administrative formula for political trust, such personal and political self-examination has to persist.
  • Telling surveyors that you don’t trust politicians is a gentle and valid form of political resistance.


Grant Duncan does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

New Study Finds that While 68% of Consumers Lack Loyalty to Fintech Brands, Rewards and Incentives Could Change the Tide

Retrieved on: 
Wednesday, April 3, 2024

BRIGHTON, England and AUSTIN, Texas, April 3, 2024 /PRNewswire-PRWeb/ -- Tillo, the market-leading embedded rewards and incentives platform, today released its "Bridging the Loyalty Gap: Consumer Insights for Fintech Engagement and Growth" study, unveiling that 68% of consumers feel no loyalty to fintech companies at this time. The report, which includes insights from over 4,000 US and UK consumers, sheds light on the critical role that incentives and rewards play in shaping and growing customer retention and loyalty within the industry.

Key Points: 
  • Notably, 26% of respondents expressed distrust towards fintech services, with the most significant trust deficit in the cryptocurrency sector.
  • Fintech was the least popular loyalty category among industries with loyalty programs, which also included grocery, hospitality, beauty & retail, and travel & leisure.
  • Developing customer loyalty is crucial, and sign-up incentives, activation rewards, and loyalty rewards are important factors that encourage consumers to engage with fintech companies.
  • Tillo's research survey demonstrates that well-crafted rewards and incentives are not just add-ons but essential tools for boosting engagement and loyalty at every stage of the customer lifecycle.

Why do Israelis and the rest of the world view the Gaza conflict so differently? And can this disconnect be overcome?

Retrieved on: 
Friday, February 16, 2024

Once the fighting stops, the world’s attention will shift to tough “day after” negotiations, which would necessitate, among other things, painful and risky concessions from both sides.

Key Points: 
  • Once the fighting stops, the world’s attention will shift to tough “day after” negotiations, which would necessitate, among other things, painful and risky concessions from both sides.
  • Given the vast deficits of trust and favour between Israelis and Palestinians, such concessions will be extremely difficult to achieve.
  • And while learning about the tragedies of others can support healing and reconciliation processes, turning victimhood into a competition has produced polarisation and distrust.

How Israelis are viewing the war

  • More than 28,000 Palestinians have been killed so far, and many more are still under the rubble.
  • However, Israelis don’t see on their screens what the rest of the world sees.
  • Read more:
    Reflections on hope during unprecedented violence in the Israel-Hamas war

A sense of betrayal

  • In their worst nightmares, Israelis could not imagine or make sense of the support for the Hamas attack, or the widespread denial that atrocities had occurred at all.
  • Some of the victims on October 7 had for years been active members of the peace movement.
  • This has been more likely the case on the political left and in the centre, where many people have lost a sense of security and hope.
  • The only thing animating some calls for a ceasefire deal now is the ongoing risk to the hostages and the sense of national responsibility for their fate.

The international campaign for Palestine

  • For much of the world, the never-ending violations of Palestinians’ rights by Jewish settlers, the Israeli state and Israeli security forces have legitimised the struggle for a free Palestine, many times over.
  • However, anger at injustices should not lead to support – or even acquiescence – for the killing of civilians, by either side.
  • Not because this objective is more important than others, but because without it, there will be no end to the occupation.

The ‘day after’ solution

  • Hate comes easily in the face of injustices, as does empathy for the suffering on one own’s side.
  • It is much harder to empathise with the misfortunes of “others” who may or may not have brought their misery upon themselves.
  • Those who have been severely aggrieved may struggle to apply the same yardstick to others, but the rest of us could and should.


Eyal Mayroz does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Driving the best possible bargain now isn’t the best long-term strategy, according to game theory

Retrieved on: 
Tuesday, February 6, 2024

Their work inspired academics around the world to delve deeper into what’s known as game theory.

Key Points: 
  • Their work inspired academics around the world to delve deeper into what’s known as game theory.
  • In game theory, this is known as a zero-sum game, and it’s an easy trap to fall into.
  • A second dimension of game theory is whether people are playing a one-shot or a repeated game.
  • In fields as diverse as health care to high-tech, I see growing real-world evidence backing up the insights of game theory.

Acumatica Cloud ERP Previews Advanced Product Features During Day 2 of Summit 2024

Retrieved on: 
Tuesday, January 30, 2024

LAS VEGAS, Jan. 30, 2024 /PRNewswire/ -- Acumatica, an industry-leading business solutions provider, today highlighted current capabilities enabling mid-market businesses to grow, scale and drive efficiencies. The company previewed new features and capabilities that will launch in the 2024 R1 product release – with the beta of 2024 R1 available today to Acumatica customers.

Key Points: 
  • The company previewed new features and capabilities that will launch in the 2024 R1 product release – with the beta of 2024 R1 available today to Acumatica customers.
  • "Our bet is on our customers, which is why we heavily weight our product roadmap in favor of their input," said Ali Jani, chief product officer at Acumatica.
  • "Our product managers visit customers throughout the year and use takeaways from these discussions to innovate our solutions.
  • Both the Day 1 and Day 2 Keynotes highlighted the need for better ways to approach business data and decision-making.

Erin O’Malley Named Executive Director of the Coalition for Trust in Health & Science

Retrieved on: 
Thursday, January 18, 2024

The Coalition for Trust in Health & Science (CTHS) today announced the appointment of Erin O’Malley as executive director.

Key Points: 
  • The Coalition for Trust in Health & Science (CTHS) today announced the appointment of Erin O’Malley as executive director.
  • The Coalition brings together leading organizations from across the health ecosystem to advance trustworthiness in health, medical care relationships and factual, science-backed, decision-making.
  • View the full release here: https://www.businesswire.com/news/home/20240118588706/en/
    Erin O’Malley, executive director, The Coalition for Trust in Health & Science (Photo: Business Wire)
    “Ms.
  • Members pledge to support efforts to advance people’s scientific and health literacy, earn public trust and improve health outcomes and health equity, and work individually and collectively to correct and counter misinformation that threatens people’s health and well-being.

Australian Government Solicitor FOI and Privacy Law Conference 2023

Retrieved on: 
Tuesday, January 2, 2024

1 November 2023

Key Points: 


1 November 2023
Read the keynote address prepared for delivery by Australian Information Commissioner and Privacy Commissioner Angelene Falk for the Australian Government Solicitor FOI and Privacy Law Conference on 31 October 2023.
Prepared speech – check against delivery

Acknowledgement of Country

  • I acknowledge and respect their continuing culture and the contribution they make to the life of this city and this region.
  • I also acknowledge and welcome other Aboriginal and Torres Strait Islander people attending today.

Fundamental human rights

  • Both are fundamental human rights.
  • Privacy is recognised in Article 12 of the UN Declaration of Human Rights, Article 17 of the International Covenant on Civil and Political Rights, and in many other regional and international agreements.
  • So, access to information is also a fundamental principle that enables us to exercise other rights.
  • Both rights are also challenged by the digital environment, and today I will share how we can stand up to this challenge.

Privacy’s wake-up moment

  • First, I would like to turn to privacy, as it has been a wake-up year for the protection of personal information.
  • The data breaches turned attention to the mass amounts of data that organisations can collect and store, and the risks this creates.
  • We see the increased community’s awareness and experience of privacy issues reflected in the matters to my office.

Community attitudes

  • And we know the community cares about their privacy as they told us in our Australian Community Attitudes to Privacy Survey (ACAPS).
  • ACAPS is a survey we conduct every three years to gain a comprehensive view of Australians’ privacy attitudes and experiences and how recent events have impacted them.
  • - Nine in 10 Australians told us they have a clear understanding of why they should protect their personal information.
  • - 62% see the protection of their personal information as a major concern in their life.

AI

  • The increasing adoption of AI – including generative AI – could have broad-ranging benefits and risks for Australia’s economy and society.
  • The Australian Government identified AI as a critical technology in the national interest and has several initiatives underway to promote trusted, secure and responsible AI.

Privacy law reform

  • Last month, the Australian Government responded to the Attorney-General’s Department’s proposals for reform to the Privacy Act.
  • Other important developments include enabling individuals to exercise new privacy rights, including an enhanced right to access their personal information and a right of erasure, and take direct action in the courts if their privacy is breached.
  • There are also changes proposed to ensure privacy policies and collection notices are clear and easy to understand, including the development of standardised templates.
  • And the government has agreed in principle that organisations should be required to establish maximum and minimum retention periods for personal information, and specify these in their privacy policies.
  • This will increase the OAIC’s ability to take regulatory action on behalf of the Australian people in a flexible and proportionate way, and to address systemic privacy issues.

Evolution, not a revolution

  • It is a time of change, but I want to emphasise that what has been proposed is an evolution, not a revolution.
  • Because these obligations have existed for government agencies since 2018, we expect most are already at best practice status.

Privacy: how to, not don’t do

  • But one of the key messages that I hope you will leave with today is that privacy shouldn’t be viewed as a compliance exercise.
  • Protecting privacy is about treating an individual’s personal information with respect and care, and remembering you are only its custodian.

Access to information

  • Timely access to information promotes public scrutiny of government policy, participation in democratic processes, and allows individuals and governments to make informed decisions.
  • The FOI Act also seeks to facilitate:
    - providing access to information in effective and efficient ways
    - that government-held information is used for the public’s benefit, as it can inform evidence-based policy making and support innovation.

From compliance to proactive release

  • We advocate for administrative access schemes that provide individuals with fast access to their personal information, without having to make a formal FOI request.
  • A quarter (25%) of FOI requests were granted in full, 52% were granted in part, and 23% were refused.
  • Australians had the most success accessing their personal information and policy and procedural documents held by Australian Government agencies.

Open by design

  • It requires agencies and ministers’ offices to be open by design, or move more to a ‘push’ model where information is proactively provided.
  • The OAIC and our state and territory counterparts established the open by design principles in 2021 to encourage the proactive release of information and promote open government.
  • - Implement a best practice open by design approach to proactive disclosure.
  • I would also encourage those involved in the IPS review to use it as an opportunity to look more closely at proactive release in your agency and how it could be improved to foster an open by design culture.

Digital inclusion

  • But in our increasingly digital world, it is imperative that we make government information easily accessible – by all Australians.
  • And in thinking about making information available, and accessible, we must also consider what barriers people may face to digital access and inclusion, and factor these into the work we do at all times.
  • In this digital age, we must ensure that access to government information is not only upheld, but continually improved.
  • The premise of digital inclusion is that everyone should be able to make full use of digital technologies and the benefits they bring, while avoiding their potential negative consequences.

Conclusion

Media.com Becomes the First Network to Fully Verify Users, Addressing the Challenge of Misinformation

Retrieved on: 
Tuesday, December 12, 2023

With its innovative approach to profile verification and reputation management, Media.com is leading the way in addressing the challenges posed by misinformation in today's digital landscape.

Key Points: 
  • With its innovative approach to profile verification and reputation management, Media.com is leading the way in addressing the challenges posed by misinformation in today's digital landscape.
  • At a time when AI threatens to unleash greater toxicity through armies of bots, Media.com’s business model proposes to address the problem.
  • “There is a natural resistance to verification by social media companies as it simply does not align with their business model.
  • Developed over the last three years, Media.com is a profile-based network designed to become the new home for millions of reputation-conscious individuals and organizations worldwide.

Hashdex Releases 2024 Crypto Investment Outlook

Retrieved on: 
Monday, December 4, 2023

Three themes will shape a new regime of opportunity for crypto investors in the coming year, according to report

Key Points: 
  • Three themes will shape a new regime of opportunity for crypto investors in the coming year, according to report
    New York / Rio de Janeiro / London, December 4, 2023 – Hashdex , a leading global crypto-focused asset manager, today announced the release of 2024 Crypto Investment Outlook—Opportunity meets Optimism .
  • In the report, Hashdex’s leadership and digital asset experts dive into expectations for the year ahead by outlining key themes that will influence crypto investing in 2024 and beyond.
  • Hashdex sees 2024 presenting a generational investment opportunity that will be fleeting as more institutions enter the space and network effects lead to exponential growth.
  • To download 2024 Crypto Investment Outlook—Opportunity meets Optimism, please visit: https://hashdex.com/en-US/insights/2024-crypto-investment-outlook-1