Consider the recent financial crisis and its link to faulty reward systems. President Bill Clinton's objective of increasing homeownership by rewarding potential home buyers and lenders is one example. The Clinton administration "went to ridiculous lengths" to increase homeownership in the United State, promoting "paper-thin down payments" and pushing lenders to give mortgage loans to unqualified buyers according to Business Week editor Peter Coy.
Max H. BazermanTags: ethics economics blind-spots housing-bubble
Without an awareness of blind spots, traditional approaches to ethics won’t be particularly useful in improving behavior. If, like most people, you routinely fail to recognize the ethical components of decisions, succumb to common cognitive biases, and think you behave more unethically than you actually do, then being taught which ethical judgment you should make is unlikely to improve your ethicality.
Max H. BazermanPage 1 of 1.
Data privacy
Imprint
Contact
Diese Website verwendet Cookies, um Ihnen die bestmögliche Funktionalität bieten zu können.