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Zingales, Luigi – Chronicle of Higher Education, 2012
Economists may be biased in ways that are not apparent to many. A widely espoused theory in economics is that regulators' decisions often become biased in favor of the industries they regulate; to use economic jargon, they become "captured." Economic incentives encourage even the best-intentioned regulators to cater to the interests of the…
Descriptors: Economics, Professional Occupations, Professional Identity, Bias