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A conflict of interest exists when a party to a transaction could potentially make a gain from taking actions that are detrimental to the other party in the transaction. This paper examines the economics of conflicts of interest in financial institutions and reviews the growing empirical...
Persistent link: https://www.econbiz.de/10012760536
A conflict of interest exists when a party to a transaction could potentially make a gain from taking actions that are detrimental to the other party in the transaction. This paper examines the economics of conflicts of interest in financial institutions and reviews the growing empirical...
Persistent link: https://www.econbiz.de/10012465965
People often sacrifice their self-interest for a group to which they belong, even when outsiders are harmed so that the sacrifice has no net benefit. Two experiments (conducted on the World Wide Web) suggest that people do this, in part, because they think that cooperation on behalf of the group...
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preferences, a source which has hitherto largely been neglected in the economics literature. -- Genetics ; Altruism ; Risk …
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