In 1991 and 2008, Israel abolished the equivalents of 1¢ and 5¢ coins, respectively, effectively eliminating low-denomination coins and introducing rounding in cash transactions. When totals were rounded up, shoppers incurred a small rounding tax. Using detailed data on price endings and...

Nowadays, when talking about Artificial Intelligence (AI), we mostly refer to methods of Machine Learning (ML). Whereas these technologies have a huge potential, there are also risks and limitations, including the reflection of societal biases. This chapter discusses the term bias from different...

This chapter aims to answer several questions: in these modern day and age dynamics, is financial intermediation growing stronger as an institution? Or is it not? Is it endangered? The article, thus, provides a qualitative analysis of the environment for the development of financial...

External corporate venturing (ECV) through collaborations with startups provides corporations with additional strategic options compared to internal innovation initiatives and traditional corporate development approaches. By engaging with startups, companies can access emerging technologies more...

Decentralized autonomous organization (DAO) refers to an organizational form powered by blockchain technology that enables decentralized governance through smart contracts and digital tokens. Unlike traditional hierarchical organizations, DAOs operate via community-driven decision-making, which...

For researchers in the social sciences and humanities, the digital data revolution has primarily been about data—its scale, variety, and granularity. The theoretical opportunities presented by these new data sources, however, have often been backgrounded. Digital trace data are generated for...

This chapter reviews key definitions and factors that influence how people conceptualize risk. It outlines how personal, psychological, and situational factors shape individual risk profiles and influence financial decisions. Comfort with risk varies across individuals and can change based on a...

Business families are diversifying their philanthropic efforts across multiple channels, reflecting their entrepreneurial approach. This shift, driven by intergenerational wealth transfer and the rise of family offices, requires effective governance and aligning philanthropic and business giving...