Lying, Cheating and Stealing

06 April 2009

The current economic crisis has many investors angry.

They feel lied to.
They feel cheated.
They feel as though someone, somewhere, has stolen something from them.

It was Wall St. that did all this lying, cheating, and stealing – right?
What made those people on Wall St. do this?
How could they have done it?

Was it malicious or was it just people on Wall St. making bad decisions?

Dan Ariely, author of the book Predictably Irrational, has done some interesting analysis on the topic. Here’s a presentation that delves into why humans think it is ok to cheat and steal (sometimes).

Leave a Reply