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by tontoa4
6300 days ago
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Basic summary * Most people cheat a little and more often compared to cheating a lot and less often. * When reminded of morality, people cheat less. * The greater the distance from cheating to reward the more likely people are to cheat. |
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It seems obvious, but more often when not the wrong assumptions are not tested.
* When reminded of their own (self-image) morality, people cheat less
* Magnitude of cheating is independent from a risk to be caught (people are predictably irrational)
* When a member of a group demonstrates cheating behaviour, members cheat more. When non-member of a group demonstrates cheating, people cheat less
From the above it follows that players on the stock market are doomed (or blessed) to cheat.