An Ethical Systems Book Review Summarized by JAI MALIK Written by Richard Thaler [public library] Summary: What do economics, psychology, and experimental science have in common? As Richard Thaler implies in Misbehaving, most economists would say little to none — but this couldn’t be further from the truth. Misbehaving is, first and foremost, a story of how modern economics, finance, and…

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An Ethical Systems Book Review BY DAVID NEWMAN The Lucifer Effect: Understanding How Good People Turn Evilby Philip ZimbardoRandom House Publishing Group, 1st Ed. Reprint (2008) (public library)Summarized by Joshua Elle Overview In a compelling story of his own life’s journey, Phil Zimbardo juxtaposes his famous Stanford Prison Experiment (SPE) and the equally famous Milgram experiment on obedience to authority…

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ETHICAL SYSTEMS Cheating, misconduct, deception and other forms of unethical behavior are widespread today, not just in business but in sports, government, schools, and many other arenas. While the media often focuses on extreme cases of cheating and sensational scams (such as Madoff’s ponzi scheme)­­­, less attention is paid to what researchers call “ordinary unethical behavior.” For example:…

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Take a deeper look at a beloved classic This holiday season, the University of St. Thomas and the Guthrie Theater presented a virtual event exploring art, business and ethics in the spirit of Charles Dickens’ A Christmas Carol. The event examined how Ebenezer Scrooge’s transformation from self-serving miser to good neighbor applies to modern-day business…

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