What makes people cheat? [video]
ted.com
ted.com
* Most people cheat a little and more often compared to cheating a lot and less often.
* When reminded of morality, people cheat less.
* The greater the distance from cheating to reward the more likely people are to cheat.
It seems obvious, but more often when not the wrong assumptions are not tested.
* When reminded of their own (self-image) morality, people cheat less
* Magnitude of cheating is independent from a risk to be caught (people are predictably irrational)
* When a member of a group demonstrates cheating behaviour, members cheat more. When non-member of a group demonstrates cheating, people cheat less
From the above it follows that players on the stock market are doomed (or blessed) to cheat.
It is fascinating that Dan Ariely studies society to the degree that he does. Kind of comforting.
saved... /social_hacking_201/