Keeping an AI on Technological Advances in Business Law

Source: The Economist

By Elizabeth Rice

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This Note explores the role that artificial intelligence plays in the legal world today and the ways in which it may affect the legal profession in the future.  Artificial intelligence programs are being used in a variety of ways to streamline legal research, contracts analysis, and many other tedious and time-consuming legal processes.  As this technology develops, many lawyers are concerned that these efficient programs will begin to replace lawyers, especially at the lower level of big law firms, while others welcome the benefits that this technology will bring to law firms.  This Note touches on competing views concerning the implications of the use of artificial intelligence in the legal field, and how the implementation of these programs will ultimately benefit the profession as a whole.… Read the rest

Happiness and its Effect on Economic Development and Business Profitability

Introduction

“Policy decisions at the organizational, corporate, and governmental levels should be more heavily influenced by issues related to well-being––people’s evaluations and feelings about their lives.”[1]  This recent trend in economic development literature, that policy decisions at the government and corporate level should be influenced not by profit maximization but their effect on people’s subjective well-being, is gaining acceptance in the real world.  Empirical research and analysis shows that policy aimed at improving workplace happiness not only has an impact on employees subjective feelings of well-being, but also improves worker productivity and by extension corporate profitability.    

How Do Happiness Studies Work? 

Because “happiness” is not a quantifiable variable, there are numerous ways in which researchers control for the subjective aspect of one’s reported happiness.  A typical happiness survey consists of simply asking respondents, “all things considered, how happy are you with your life?”. [2]  To control for the fact Read the rest