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Blind Spots_Exam 2_Lecture 5/6_SM 131
Terms in this set (12)
Types of Blind Spots:
Motivated Blindness. Conflict of Interest, Ethical Fading, Mis-Applied Incentives, Indirect Blindness, Slippery Slope, In-Group Favoritism
failure to notice others' unethical conduct when doing so would harm you. (We see what we want to see"
Conflict of Interest:
ethics fade away when we consider a problem just a business decision
a bias that favors those that benefit you
do incentives encourage unethical behavior?
when a company (or person) delegates unethical conduct to another, we observers tend to overlook the responsibility of that company (or person)
accepting minor infractions, will increase the likelihood of accepting larger infractions
favor those similar to you.
Whistle-blowers and Bounty Systems:
-False Claims Act
False Claims Act:
committing fraud against the federal government.
-whistle blower gets up to 15-30% of money collected ($5.7B recovered, $435M paid in bounties in 2014)
regulations to prevent another financial collapse (including consumer protection from abusive lending -10-30% of money collected by the Securities and Exchange Commission (SEC)--over 1M -6000 tips per year -can be complicit in the fraud
Decision Making Model:
1. What are the facts
-what you see is NOT all there is
2. What are the critical issues?
-remember System 2
-Stoll: think broadly about your objective: get outside advice. think through 1 by 1
3. What are the alternatives?
-Remember System 2
-Stoll: think broadly about possible outcomes
-Stoll: Think broadly about your options: look at them together
4. What are the consequences of each alternative?
5. FINALLY:) Make a decision!
THIS SET IS OFTEN IN FOLDERS WITH...
SM 131 Module 2 Test Guide
Combo with "SM 131 Exam #2" and 1 other
SM 131 Midterm #2
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