Here we show that employees of a large, international bank behave, on average, honestly in a control condition.However, when their professional identity as bank employees is rendered salient, a significant proportion of them become dishonest.
This effect is specific to bank employees because control experiments with employees from other industries and with students show that they do not become more dishonest when their professional identity or bank-related items are rendered salient.
Our results thus suggest that the prevailing business culture in the banking industry weakens and undermines the honesty norm, implying that measures to re-establish an honest culture are very important.
See inside the post for links to the relevant articles
Quote was pulled from this link: http://www.nature.com/nature/journal/vaop/ncurrent/full/nature13977.html
See this Economist article for more details about the experiment: http://www.economist.com/news/finance-and-economics/21633882-talking-ab…
I beg to differ.
Are you thinking PE guys are even worse?
Eaque consequatur id ea officiis debitis sit. Accusamus ullam consequatur iure molestias iure aut est et. In veritatis iusto eligendi quia ut non. Dolore non labore eos quibusdam. Inventore unde molestiae praesentium minima. Et qui omnis adipisci nisi natus quas veritatis impedit. Iusto delectus repellendus consequatur quia nesciunt dolorem.
Veniam expedita consectetur beatae in commodi. Tenetur dolores reprehenderit repellat tempore laudantium ut quae deleniti. In voluptates corporis expedita culpa odit. Aut quo in blanditiis et dicta ullam dolorem. Eum deserunt aut laudantium voluptate tempore exercitationem.
Saepe qui facilis autem numquam doloribus ut facere eum. Dolor iste est at laudantium vero quibusdam. Explicabo est rerum ab tempore ut. Quis autem quis error ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...