Bad culture makes bankers cheat, says new research
Psychological study provides evidence poor professional culture drives bankers to be more dishonest. More change needed to overhaul toxic culture, according to academics
Bankers are normally as honest as other members of society – but a toxic banking culture makes them more likely to behave dishonestly, according to a study published on November 19 in science journal Nature.
The study compared the incidence of cheating between bankers and other professionals during a simple game. In the experiments, the subjects had the opportunity to win money if they correctly guessed the outcome of a coin toss. However, the results of the toss were self-reported, providing
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