Key Concepts - Week Twelve Flashcards
Ethical Principles:
- Golden Rule - Aristotle
- Immanuel Kant’s Categorical Imperative
- Slippery Slope Rule
- Utilitarian Principle
- Risk Aversion Principle
- Ethical “No Free Lunch” Rule
- The New York Times test
Golden Rule - Aristotle:
Do unto others as you would have them do unto you
Immanuel Kant’s Categorical Imperative:
If an action is not right for everyone to take, it is not right for anyone
Slippery Slope Rule:
If an action cannot be taken repeatedly, it is not right to take at all
Utilitarian Principle (John S. Mill, Jeremy Bentham):
Take the action that achieves the higher or greater value
Risk Aversion Principle:
Take the action that produces the least harm or potential cost
Ethical “No Free Lunch” Rule:
Assume that virtually all tangible and intangible objects are owned by someone unless there is a specific declaration otherwise
The New York Times test:
What if my decision were to be published tomorrow on the front page of the New York Times?
Privacy:
Claim of individuals to be left alone, free from surveillance or interference from other individuals, organizations, or state
Regulations like GDPR ensure user data privacy
Information Rights:
The rights associated with information ownership
Example: Copyright laws protecting digital content
IP Rights:
Intellectual property rights for digital content
Example: Patents protecting new software innovations
Copyright:
Legal right granting protection to original works
Example: Authors’ rights over their published books
EU General Data Protection
Regulation (GDPR):
Requires unambiguous explicit informed consent of customer
EU member nations cannot transfer personal data to countries without similar privacy protection
Applies across all EU countries to any firms operating in EU or processing data on EU citizens or residents
All countries processing EU data must
conform to GDPR requirements
Heavy fines: 4% of global daily revenue
What does GDPR strengthen
right to be forgotten
