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||Applied Philosophy Business and Professional Ethics Teaching Philosophy|
|Categories||categorize this paper)|
References found in this work BETA
No references found.
Citations of this work BETA
Practicing What We Teach – Ethical Considerations for Business Schools.Cam Caldwell, Ranjan Karri & Thomas Matula - 2005 - Journal of Academic Ethics 3 (1):1-25.
Situating 'Giving Voice to Values': A Metatheoretical Evaluation of a New Approach to Business Ethics.Mark G. Edwards & Nin Kirkham - 2013 - Journal of Business Ethics 121 (3):1-19.
The Indirect Ethics of AIG’s ‘Backdoor Bailout’.Daniel G. Arce & Laura Razzolini - forthcoming - Journal of Business Ethics.
Accounting for Proscriptive and Prescriptive Morality in the Workplace: The Double-Edged Sword Effect of Mood on Managerial Ethical Decision Making.Laura J. Noval & Günter K. Stahl - forthcoming - Journal of Business Ethics.
Similar books and articles
Judgment Under Uncertainty: Heuristics and Biases.Daniel Kahneman, Paul Slovic & Amos Tversky (eds.) - 1982 - Cambridge University Press.
Out of the Theoretical Cul-de-Sac.Ralph Hertwig & Annika Wallin - 2004 - Behavioral and Brain Sciences 27 (3):342-343.
Gone with the Wind: Individual Differences in Heuristics and Biases Undermine the Implication of Systematic Irrationality.David C. Funder - 2000 - Behavioral and Brain Sciences 23 (5):673-674.
Towards a Taxonomy of Modes of Moral Decision-Making.Elke U. Weber & Jessica S. Ancker - 2005 - Behavioral and Brain Sciences 28 (4):563-564.
Scientific Rationality and Human Reasoning.Miriam Solomon - 1992 - Philosophy of Science 59 (3):439-455.
Heuristics and Biases in a Purported Counter-Example to the Acyclicity of 'Better Than'.Alex Voorhoeve - 2008 - Politics, Philosophy and Economics 7 (3):285-299.
Explaining Away Intuitions About Traits: Why Virtue Ethics Seems Plausible (Even If It Isn't).Mark Alfano - 2011 - Review of Philosophy and Psychology 2 (1):121-136.
Damn It, I Still Don't Know What to Do!Robert J. Sternberg - 2000 - Behavioral and Brain Sciences 23 (5):764-765.
Précis of Simple Heuristics That Make Us Smart.Peter M. Todd & Gerd Gigerenzer - 2000 - Behavioral and Brain Sciences 23 (5):727-741.
A Model for Ethical Decision Making in Business: Reasoning, Intuition, and Rational Moral Principles. [REVIEW]Jaana Woiceshyn - 2011 - Journal of Business Ethics 104 (3):311-323.
Mathematical Models of Foreign Policy Decision-Making: Compensatory Vs. Noncompensatory.Alex Mintz, Nehemia Geva & Karl Derouen - 1994 - Synthese 100 (3):441 - 460.
Ethical Decision Making: Special or No Different? [REVIEW]Dawn R. Elm & Tara J. Radin - 2012 - Journal of Business Ethics 107 (3):313-329.
Simple Heuristics Could Make Us Smart; but Which Heuristics Do We Apply When?Richard Cooper - 2000 - Behavioral and Brain Sciences 23 (5):746-746.
Added to index2012-03-18
Total downloads408 ( #5,508 of 2,152,226 )
Recent downloads (6 months)16 ( #27,228 of 2,152,226 )
How can I increase my downloads?
There are no threads in this forum
Nothing in this forum yet.