Dan Ariely, author of Predictably Irrational, talks at TED about why we think it’s ok to cheat, sometimes. He makes the case that the people on Wall Street were more willing to lie, cheat and steal because what they were handling (stocks, derivatives, etc.) was just far enough removed from the reality that they were deailng in money that they didn’t feel the impact of their unethical behavior as strongly.
In other words, stock broker types were treating our money like monopoly money.
Posted March 29, 2009 at 8:30am
