Why We Are All Crooked Bankers

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Why We Are All Crooked Bankers
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The psychology behind why we might be generous with another person but ruthless in a group

Examples like this abound, and they are a just response to a succession of scandals where bankers and managers were seen to be appropriating resources from a large number of individual investors and citizens. Selfishness!

Sadly, like most simple explanations which make us feel good about ourselves, this one might be wrong. But here’s the twist. Half of them were given the chance to steal the earnings from the other half . The victims were a large group: sixteen participants. Altogether, they had around 200 Euros of real money, that they had earned in the Dictator Game and the other games. Each robber was asked whether he or she wanted to steal half the earnings of all the victims, which would be about 100 Euros.

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