Financial dishonesty was one of the contributing factors that caused the recent global economic crisis. Against this backdrop, a new study led by Alan Lewis
at the University of Bath has provided an elegant lab demonstration of the way that for most people, right and wrong aren't clear cut. Instead, the research shows people look for ways to justify their financial cheating, probably to maintain their perception of themselves as essentially good. Oh, and the research also suggested that economics students are more dishonest than psychology students - not great news for the future of the financial world!
The first part of the study involved 94 psychology and economics undergrads rolling a die under a cup, and then looking through a hole in the cup so that they alone could see the... [via Bps Research Digest]