Ethics Unwrapped Blog

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.

Continue Reading

Jailing Unethical Executives

Financial journalist Bethany McLean has co-written two of the best books on recent financial scandals—The Smartest Guys in the Room about the Enron debacle and All the Devils Are Here about the subprime mess.  In her blog, McLean recently addressed the question: “Does Jailing Executives Make Much Difference?” Judging from public reaction, jailing white collar […]

Continue Reading