Hasnain says:

“These tradeoffs are often intensely difficult to pursue openly. Who wants to be known as the politician in favor of benefits fraud or the financial CEO who thinks they are not laundering enough money?

One of the interesting questions here is who gets to resolve tensions like this. Generally speaking, it will be private actors applying their own cost-benefits decisions. There is substantial space for regulations to help with cases, like identity theft, where actors can choose to spend other people’s risk budgets to maximize for their own interests.”

Posted on 2022-09-05T23:44:19+0000