NatureHere 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?
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