Purpose:The purpose of the article is to provide critical analysis regarding the application of distributive justice in the theory of social choice. Design/Methodology/Approach: The research combines the elements of critical analysis and synthesis utilizing a rich scope of inter-disciplinary evidence. Findings: Distributive justice serves as the dominant concept in economics, at the same time being hardly competitive with the principles of social sustainability. Practical Implications: Social choice framework should incorporate "justice of procedure", relying more on the fairness of processes governing social resources distribution. Originality/Value: The proposed paper re-discovers and examines the application of procedural justice in the field of social choice, while distributive justice remains the dominant principle in economics.
Fraud has evolved from being committed by casual fraudsters to being committed by organized crime and fraud rings that use sophisticated methods to take over control of accounts and commit fraud. The problem is pronounced in the financial sector where the compromises are more sophisticated than in other industries. It is essential to get not only multiple sources of data to understand the entities being compromised but also apply sophisticated analytical methods to understand the data, extract optimal information, use high-end pattern recognition and text mining to create features, and advanced modeling techniques to fit the best possible models to the data to reduce false positive rates. The presentation discusses the challenges faced in fraud detection and how they can be addressed using sophisticated analytical techniques. 5
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