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Why Be Honest If Honesty Doesn ’ t Pay? - Bhide & Stevenson

Why Be Honest If Honesty Doesn ’ t Pay? - Bhide & Stevenson. Briefly elaborate why you think we (as individuals) are honest (or at least agree honesty is the best policy) when there seem to be “ anecdotal ” evidence that honesty does not pay?

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Why Be Honest If Honesty Doesn ’ t Pay? - Bhide & Stevenson

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  1. Why Be Honest If Honesty Doesn’t Pay?- Bhide & Stevenson • Briefly elaborate why you think we (as individuals) are honest (or at least agree honesty is the best policy) when there seem to be “anecdotal” evidence that honesty does not pay? • Is there any evidence that honesty is the best policy? • Why do we allow this? Why are we not more careful with dishonest people? • So why are we honest? • What are the other alternatives for society?

  2. Why Be Honest If Honesty Doesn’t Pay?- Bhide & Stevenson • Why do we allow this? Why aren’t we more careful with dishonest people? • Cognitive Inertia (search for data which fit beliefs) • Connivance (People will change this time is OK) • Ambiguity and Complexity (Not Clear) • Mistrust – Self-fulfilling Prophecy • Revenge Mentality (Self-destruction) • Retaliation • Double Loss: TIME & MONEY

  3. Why Be Honest If Honesty Doesn’t Pay?- Bhide & Stevenson • So why are we honest? • Gross Exaggeration: • Loss of Power & Snipping • Pride in Family, Friends and Community • Keep Promises Because We Want To • Honesty is a Moral Choice – People are honest because they want to, not because they have to • Concepts of Trust & Virtue would be Empty – If bad faith and wickedness were not financially rewarding

  4. Why Be Honest If Honesty Doesn’t Pay?- Bhide & Stevenson • What are the other alternatives for our society? • TIT for TAT World (punishment) –> Stagnation • All of Us Can Become Cheats –> Chaos • World with Rules For Everything –> Do we want to live in such a world? • PERFERRED OPTION: MORAL COMPASS • Trust & Tolerance for Broken Promises –> Encourages Risk Taking  Leading to Innovation & Better World Tomorrow • e.g., Watson (IBM founder); Ray Kroc; Lincoln;

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