David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics Education 1 (1):55-72 (2004)
Although economists often model decision makers as rational actors, the heuristics and biases literature that springs from the work of Nobel Prize winner Daniel Kahneman and his late colleague Amos Tversky demonstrates that people make decisions that depart from the optimal model in systematic ways. These cognitive and behavioral limitations not only cause inefficient decision making, but also lead people to make decisions that are unethical. This article seeks to introduce a selected portion of the heuristics and biases and related psychological literature, to highlight its implications for ethical decision making, and to serve as the basis for a lecture that could inform students regarding these matters. If business actors are on guard against errors in their own decision making processes, perhaps they can avoid some of the ethical pitfalls that recently put Enron and so many other companies in the news
|Keywords||No keywords specified (fix it)|
No categories specified
(categorize this paper)
|Through your library||Configure|
Similar books and articles
Daniel Kahneman, Paul Slovic & Amos Tversky (eds.) (1982). Judgment Under Uncertainty: Heuristics and Biases. Cambridge University Press.
Ralph Hertwig & Annika Wallin (2004). Out of the Theoretical Cul-de-Sac. Behavioral and Brain Sciences 27 (3):342-343.
David C. Funder (2000). Gone with the Wind: Individual Differences in Heuristics and Biases Undermine the Implication of Systematic Irrationality. Behavioral and Brain Sciences 23 (5):673-674.
Elke U. Weber & Jessica S. Ancker (2005). Towards a Taxonomy of Modes of Moral Decision-Making. Behavioral and Brain Sciences 28 (4):563-564.
Miriam Solomon (1992). Scientific Rationality and Human Reasoning. Philosophy of Science 59 (3):439-455.
Alex Voorhoeve (2008). Heuristics and Biases in a Purported Counter-Example to the Acyclicity of 'Better Than'. Politics, Philosophy and Economics 7 (3):285-299.
Mark Alfano (2011). Explaining Away Intuitions About Traits: Why Virtue Ethics Seems Plausible (Even If It Isn't). Review of Philosophy and Psychology 2 (1):121-136.
Robert J. Sternberg (2000). Damn It, I Still Don't Know What to Do! Behavioral and Brain Sciences 23 (5):764-765.
Peter M. Todd & Gerd Gigerenzer (2000). Précis of Simple Heuristics That Make Us Smart. Behavioral and Brain Sciences 23 (5):727-741.
Jaana Woiceshyn (2011). A Model for Ethical Decision Making in Business: Reasoning, Intuition, and Rational Moral Principles. [REVIEW] Journal of Business Ethics 104 (3):311-323.
Alex Mintz, Nehemia Geva & Karl Derouen (1994). Mathematical Models of Foreign Policy Decision-Making: Compensatory Vs. Noncompensatory. Synthese 100 (3):441 - 460.
Dawn R. Elm & Tara J. Radin (2012). Ethical Decision Making: Special or No Different? [REVIEW] Journal of Business Ethics 107 (3):313-329.
Richard Cooper (2000). Simple Heuristics Could Make Us Smart; but Which Heuristics Do We Apply When? Behavioral and Brain Sciences 23 (5):746-746.
Added to index2012-03-18
Total downloads6 ( #160,383 of 1,011,474 )
Recent downloads (6 months)1 ( #64,700 of 1,011,474 )
How can I increase my downloads?