Categories:  'Economic Inequality'  

Corruption is Deeply Ingrained in the Banking Industry

" When nonbanker coin flippers were reminded of how they spent their time as professionals or as students, they showed no change in their tendency [...]

When nonbanker coin flippers were reminded of how they spent their time as professionals or as students, they showed no change in their tendency to cheat. “Our results thus suggest that the prevailing business culture in the banking industry weakens and undermines the honesty norm,” the researchers concluded. Or, more simply, as Alain Cohn, a lead author of the study, told me recently, “the apples are good, but the barrel is bad.”

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Articles

Publication Date: 01/09/2015
Source: The Atlantic
Author: William D. Cohan
Publication Date: 23/11/2014
Source: USA Today
Author: John Maxfield
Publication Date: 01/05/2015
Source: The Atlantic
Author: William D. Cohan