When the bankers were put into a banking state of mind, they became significantly more likely to cheat in the coin flipping game. Their greed was more likely to overwhelm their moral sensibilities.
This study adds to evidence that our moral backbones are often quite pliable, bending to the social norms of things like our workplace.
Cognitive computing is already helping doctors, scientists, economists and investors—and now it’s going to law school.
We live in a world increasingly run by algorithms. They drive the lion’s share of all equity trades and automate complex hedges and derivatives. They make love matches, set retail prices, sequence traffic lights and air traffic, predict ticket sales by "reading" scripts, diagnose diseases, prescribe drug protocols and identify suspected terrorists for no-fly lists. At Google,...
“We are in a window of change right now. There are certain traditional firms that will die,” said Richard Rosenbaum, CEO of Greenberg Traurig. In the fourth video of our interview series, Rosenbaum tells us about the legal market as it is today, focusing on the inability of most law firms to change, the threat to the traditional, elite firms, and the “trend” of “general counsels feeling both pressure and empowerment to change.”
In my continuing effort to tally the states that have adopted the duty of technology competence, I have two more to add: New Hampshire and New York. They bring the total to 17.
Yesterday, the Supreme Court of New Hampshire entered an order adopting various amendments to court rules. In that order, it adopted a modified and less-stringent version of Comment 8 than that adopted by the ABA in Model Rule 1.1. In place of the ABA version, the N.H. Supreme Court adopted a New Hampshire Bar Association...
After years of focus on the employment prospects of new lawyers, only one article has asked the key question: What happens to lawyers in the years after they graduate law school? Although the economic recession may have stalled some legal careers, lawyers historically make more as they gain experience.
Unfortunately, the article, published in the New York Times back in April, confused more than it clarified. The article drew conclusions about the careers of over 40,000 law school graduates from...
One central bank has some frightening predictions when it comes to job stability in the future.
80 million jobs in the United States are at risk of being taken over by robots in the next few decades, a Bank of England (BoE) official warned on Thursday.
With U.S. data showing that total nonfarm employment hit 142.6 million in October, that's roughly over half of the total jobs at risk.
And the U.S. isn't the only one who'd be at the mercy of the mechanical hands.
In a speech at the Trades...
Defaults have been shown in prior research to impact important decisions, including how people complete advance directives (which specify the medical treatments they want to receive if they become unable to communicate their wishes). However, defaults and other nudges are often criticized for violating individual autonomy because those affected are typically unaware that they are being influenced. We report results from a study in which people were informed that they were being defaulted, either...
Intuitive moral judgments pervade mediation and negotiation but are not well understood or managed. People usually experience them in terms of “fairness.” A sense of unfairness can fuel a conflict or prevent an agreement; a sense of being treated fairly, or presented with fair terms, can close a deal. Despite the ubiquity of moral judgments, negotiators and mediators have generally not articulated a coherent and explicit way to deal with them. Moral Foundations Theory, developed by psychologist...