AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
5min chapter
AI and Regulation: Finding the Sweet Spot for Consumer Welfare | with Keith Chan
Game Changer - the game theory podcast
The Effect of Stranger Regulation on Consumer Welfare
The regulator can decide whether to turn a blind eye towards the behavior of the AI technology or whether to put on strict regulation. We found out that whether a stranger regulation should be chosen is dependent on a key parameter and that measures the competitiveness of the domestic AI firm. The reason is that if the domestic industry is superior in its technological capability or if it's inferior, a very inferior, then the regulators should maximize the regulation stream. So this explains why when the domestic capability in terms of AI technology is very high or very low, the government will have no incentive to step in and intervene.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode