Ethics Unwrapped Blog

WeWork_(blog)

What Didn’t Work for ‘WeWork’

In earlier blog posts, we have repeatedly told tales of grandiloquent young entrepreneurs and their downfall — Elizabeth Holmes at Theranos (“Elizabeth Holmes: Scamming Silicon Valley), Billy McFarland of Fyre Festival infamy (“Under Fyre”), and Ross Ulbricht, creator of Silk Road (“Silk Road: Paved by Grandiosity”). Reeves Wiedeman’s book the Billion Dollar Loser: The Epic […]

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Implicit Bias

Implicit bias exists when people unconsciously hold attitudes toward others or associate stereotypes with them.

 

 

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Moral Myopia

Moral myopia is a distortion of moral vision that keeps ethical issues from coming clearly into focus.

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Moral Muteness

Moral muteness is when we communicate in ways that obscure our moral beliefs and commitments, or don’t voice moral sentiments at all.

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Moral Imagination

Moral imagination is our ability to think outside the box and envision ways to be both ethical and successful.

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Loss Aversion

We hate losses about twice as much as we enjoy gains, meaning we are more likely to act unethically to avoid a loss than to secure a gain. This phenomenon is known as loss aversion.

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Tangible & Abstract

Tangible and abstract describes how we react more to vivid, immediate inputs than to ones removed in time and space, meaning we can pay insufficient attention to the adverse consequences our actions have on others.

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Bounded Ethicality

Bounded ethicality explains how predictable organizational pressures and psychological processes cause us to engage in ethically questionable behavior that is inconsistent with our own values and preferences.

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Conflict of Interest

Conflict of interest arises when we have incentives that conflict with our professional duties and responsibilities in ways that cause harm to others and to society.

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Conformity Bias

Conformity bias refers to our tendency to take cues for proper behavior in most contexts from the actions of others rather than exercise our own independent judgment.

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Ethical Fading

Ethical fading occurs when we are so focused on other aspects of a decision that its ethical dimensions fade from view.

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Framing

Framing describes how our responses to situations, including our ethical judgments, are impacted just by how those situations are posed or viewed.

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Incrementalism

Referred to as the slippery slope, incrementalism describes how we unconsciously lower our ethical standards over time through small changes in behavior.

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Moral Equilibrium

When we do something good we get to thinking of ourselves as pretty good people, and can then give ourselves license to fail to live up to our own ethical standards. This phenomenon is known as moral equilibrium.

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Self-serving Bias

The self-serving bias causes us to see things in ways that support our best interests and our pre-existing points of view.

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Overconfidence Bias

The overconfidence bias is our tendency to be more confident in our ability to act ethically than is objectively justified by our abilities and moral character.

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Role Morality

Role morality is the tendency we have to use different moral standards for the different roles we play in society.

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