Remuneration: it's payback time


Psychologists have long been occupied by attempts to modify damaging human behaviour. It is a natural impulse to punish bad behaviour, but as a means of prevention, the stick can be a blunt instrument. As the boffins learned long ago, reducing recidivism and the natural desire to punish wrongdoing require different approaches. Fast forward a century from Pavlov’s dog to the global financial crisis, and we find authorities across Europe and beyond are keen to rap the knuckles of culprits. Never

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