On 30 March 2019, STL Visiting Assistant Professor Danny Friedmann was invited by Professor Klaus Mathis (Faculty of Law, University of Lucerne, see picture on the left) and Professor Avishalom Tor (University of Notre Dame Law School) to present his paper ‘Correcting Information Asymmetry via Deep Consumer Information; Compelling Companies to Let the Sunshine In’ at the 8th Law and Economics Conference: “Consumer Law and Economics” at the Faculty of Law, University of Lucerne. The conference brought together scholars from universities in China, Germany, Italy, Israel, Netherlands, New Zealand, Poland, Spain, Switzerland and the United States.
In his presentation Professor Friedmann stressed that legislation of honest and more informative labelling and certification is needed, but that it is insufficient to overcome information asymmetry between on the one hand companies and consumers and on the other hand companies and the government. The convergence of Information of Things, Block chain and Artificial Intelligence can help determine the ethicality, integrity and traceability of the constituting elements of end products.
In the 18th Century, the philosopher David Hume argued that the moral imagination diminishes with distance. With Deep Consumer Information Professor Friedmann aims to diminish the distance, from the rainforests to the supermarket shelves, so that moral imagination can be magnified.
