Sven Peterson, Vice President, Compliance, Ethics & Regulatory Services, Premera Blue Cross. Werner De Bondt, Professor of Finance (Emeritus), Richard H. Driehaus College of Business, DePaul University.
November 13, 2020
How do individuals make ethical choices? We consider the psychological processes that result in ethical decisions and behavior. Our focus is on actual human conduct rather than a priori normative principles elaborated by intellectuals throughout history
We also ask how social institutions, e.g., law or regulatory and corporate policies, influence moral functioning. Their effects are often counterproductive
Lastly, we explore behavioral interventions (validated by insights from psychology) that foster ethical behavior and have the potential to bring about a culture of service and purpose. We offer examples within a corporate/organizational setting, e.g., nudges that preserve freedom of choice, yet tweak behavior
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