This collection explores the subject of conflicts of interest. It investigates how to manage conflicts of interest, how they can affect well-meaning professionals, and how they can limit the effectiveness of corporate boards, undermine professional ethics, and corrupt expert opinion. Legal and policy responses are considered, some of which (e.g. disclosure) are shown to backfire and even fail. The results offer a sobering prognosis for professional ethics and for anyone who relies on professionals who have conflicts of interest. The contributors are leading authorities on the subject in the fields of law, medicine, management, public policy, and psychology. The nuances of the problems posed by conflicts of interest will be highlighted for readers in an effort to demonstrate the many ways that structuring incentives can affect decision making and organizations' financial well-being.
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Editorial Reviews
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"This books is a genuine public service, above all because it shows how human psychology can make conflicts of interest quite intractable. Often, for example, people believe that it is enough for those with a conflict simply to disclose it. Unfortunately, disclosure often does little or no good. Filled with insights and highly relevant to public policy, this outstanding book is must reading for anyone interested in the role of conflicts of interest in both private and public sectors." Cass Sunstein, University of Chicago
"This skillfully edited volume takes social-science analysis of conflicts of interest well beyond the traditional confines of principal-agent theory. Readers are guaranteed to come away with a sharper appreciation for why, so often, what one observer decries as a shameful conflict of interest, another observer applauds as blissful symbiosis." Philip E. Tetlock, University of California, Berkeley
"This skillfully edited volume takes social-science analysis of conflicts of interest well beyond the traditional confines of principal-agent theory. Readers are guaranteed to come away with a sharper appreciation for why, so often, what one observer decries as a shameful conflict of interest, another observer applauds as blissful symbiosis." Philip E. Tetlock, University of California, Berkeley
Book Description
This collection explores the subject of conflicts of interest. It investigates how to manage conflicts of interest and how they can limit the effectiveness of corporate boards, undermine professional ethics, and corrupt expert opinion. The results offer a sobering prognosis for professional ethics and for anyone who relies on professionals who have conflicts of interest.
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Inside This Book
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First Sentence:
Many professionals face a conflict between their professional responsibilities to protect the interests of their constituents, shareholders, patients, clients, or students, and their own self-interest. Read the first page Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Journal of the American Medical Association, United States, The Accounting Review, New England Journal of Medicine, Carnegie Mellon University, Cambridge University Press, Oxford University Press, Psychological Review, House of Representatives, Journal of Accounting Research, Psychological Bulletin, Sarbanes-Oxley Act, University of Pennsylvania, American Psychologist, American Institute of Certified Public Accountants, George Loewenstein, Journal of Experimental Social Psychology, University of California, American Journal of Bioethics, Van Avermaet, Wall Street, Annals of Internal Medicine, Arthur Andersen, Don Moore New!
Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Many professionals face a conflict between their professional responsibilities to protect the interests of their constituents, shareholders, patients, clients, or students, and their own self-interest. Read the first page Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Journal of the American Medical Association, United States, The Accounting Review, New England Journal of Medicine, Carnegie Mellon University, Cambridge University Press, Oxford University Press, Psychological Review, House of Representatives, Journal of Accounting Research, Psychological Bulletin, Sarbanes-Oxley Act, University of Pennsylvania, American Psychologist, American Institute of Certified Public Accountants, George Loewenstein, Journal of Experimental Social Psychology, University of California, American Journal of Bioethics, Van Avermaet, Wall Street, Annals of Internal Medicine, Arthur Andersen, Don Moore New!
Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 50
books:
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- Social Psychology by Elliot Aronson on 5 pages
- Social Psychology (Harpercollins College Outline Series) by Ann L. Weber on page 34, page 35, and page 123
- Theory of Moral Sentiments (Great Books in Philosophy) by Adam Smith on page 225, and page 230
- Social Psychology by Susan T. Fiske on page 34, and page 258
- Social Psychology by Richard E. Nisbett on page 259, and page 261
See all 50 books this book cites
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