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by drinkyouroj
4181 days ago
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Interesting article, but I'm not entirely sure I agree with the author's attempt to explain the findings of the original study. The paper upon which this article is based is really cool, because it scientifically confirms something that many people (myself included) already believed: mere participation in our financial industry leads to a certain degree of moral corruption. However, the author of this article goes on to make the case that the cause of such endemic dishonesty is the focus on money and number crunching required in banking. The author's evidence seems reasonable, but doesn't match up with the original study: banking employees that work in industry "support units" (e.g., HR or risk management) showed the same tend towards dishonesty as those working in "core" units (private bankers, asset managers, etc.) This issue is directly addressed in the original study. The author's thesis suggests that working more directly with numbers/money would cause a higher degree of dishonesty, but the paper points out: "the treatment effect in core units is similar and statistically indistinguishable from the support units." There's something more complex at work in our banking system. |
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