Dan Ariely's research offers some insight into how and why so many on Wall Street and Main Street kept on giving and taking on all those sub-prime mortgages that largely led us to our current economic crisis. The bottom line is that the farther you move people away from money, the more likely they are to do something that is generally considered wrong and not feel bad about it.
On Wednesday's NewsHour, Ariely talks to Paul about morality and money in the current economic crisis. Ariely has designed and carried out dozens of experiments all over the world dealing specifically with the concepts of stealing and cheating. His conclusions: People cheat just about the same way all over the world -- with one exception.
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