Archivio per 4 gennaio 2015

04
Gen
15

Banking Culture Encourages Dishonesty

What is it about the financial sector that encourages bad behavior?

Across the globe, many people and institutions suffered large costs from the 2008 financial meltdown. Among the victims is the financial sector itself—whose reputation has been questioned after scandals involving the manipulation of interest rates and fraudulent deals. In trying to make sense of the crisis, some have pointed the fingers to individual bankers and banks, others to institutional pressures. But new research suggests that one important cause may reside elsewhere: in the banking culture itself. A paper recently published in Nature magazine found that the financial sector’s culture encourages dishonesty.

This is an important finding, as it suggests that good conduct starts with having the right culture. Finance CEOs and upper management need to change cultural norms, so that they can model good behavior at all levels of banks and assure that performance incentives don’t inadvertently reward dishonesty. But what, you may be wondering, is unique about banking culture? The fact that there is a lot of focus on money and number crunching.

Source: www.scientificamerican.com

See on Scoop.itBounded Rationality and Beyond

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04
Gen
15

Banking Culture Encourages Dishonesty

See on Scoop.itBounded Rationality and Beyond

What is it about the financial sector that encourages bad behavior?

Across the globe, many people and institutions suffered large costs from the 2008 financial meltdown. Among the victims is the financial sector itself—whose reputation has been questioned after scandals involving the manipulation of interest rates and fraudulent deals. In trying to make sense of the crisis, some have pointed the fingers to individual bankers and banks, others to institutional pressures. But new research suggests that one important cause may reside elsewhere: in the banking culture itself. A paper recently published in Nature magazine found that the financial sector’s culture encourages dishonesty.

This is an important finding, as it suggests that good conduct starts with having the right culture. Finance CEOs and upper management need to change cultural norms, so that they can model good behavior at all levels of banks and assure that performance incentives don’t inadvertently reward dishonesty. But what, you may be wondering, is unique about banking culture? The fact that there is a lot of focus on money and number crunching.

See on scientificamerican.com

04
Gen
15

Like to Stay Up Late? Different Neural Structures Found in the Brains of Night Owls — PsyBlog

For the first time differences in neural structures have been shown between people who are night owls and early risers.

 

In the new research on 59 participants, those who were confirmed night owls (preferring late to bed and late to rise) had lower integrity of the white matter in various areas of the brain (Rosenberg et al., 2014).

Lower integrity in these areas has been linked to depression and cognitive instability.

This research doesn’t tell us what the relationship is, but the authors guess that it may be related to ‘social jet-lag’.

Social jet-lag comes about because night owls are forced to live–as most of us are–like early risers. Work, school and other institutions mostly require early rising, which, for night owls, causes problems.

Source: www.spring.org.uk

See on Scoop.itBounded Rationality and Beyond

04
Gen
15

Like to Stay Up Late? Different Neural Structures Found in the Brains of Night Owls — PsyBlog

See on Scoop.itBounded Rationality and Beyond

For the first time differences in neural structures have been shown between people who are night owls and early risers.

 

In the new research on 59 participants, those who were confirmed night owls (preferring late to bed and late to rise) had lower integrity of the white matter in various areas of the brain (Rosenberg et al., 2014).

Lower integrity in these areas has been linked to depression and cognitive instability.

This research doesn’t tell us what the relationship is, but the authors guess that it may be related to ‘social jet-lag’.

Social jet-lag comes about because night owls are forced to live–as most of us are–like early risers. Work, school and other institutions mostly require early rising, which, for night owls, causes problems.

See on spring.org.uk




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