Conflict of interest and the intrusion of bias
This paper explores the psychology of conflict of interest by investigating how conflicting interests affect both public statements and private judgments. The results suggest that judgments are easily influenced by affiliation with interested partisans, and that this influence extends to judgments m...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Cambridge University Press
2010-02-01
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| Series: | Judgment and Decision Making |
| Subjects: | |
| Online Access: | http://journal.sjdm.org/10/91104/jdm91104.pdf |
| _version_ | 1827838298653982720 |
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| author | Don A. Moore Lloyd Tanlu Max H. Bazerman |
| author_facet | Don A. Moore Lloyd Tanlu Max H. Bazerman |
| author_sort | Don A. Moore |
| collection | DOAJ |
| description | This paper explores the psychology of conflict of interest by investigating how conflicting interests affect both public statements and private judgments. The results suggest that judgments are easily influenced by affiliation with interested partisans, and that this influence extends to judgments made with clear incentives for objectivity. The consistency we observe between public and private judgments indicates that participants believed their biased assessments. Our results suggest that the psychology of conflict of interest is at odds with the way economists and policy makers routinely think about the problem. We conclude by exploring implications of this finding for professional conduct and public policy. |
| first_indexed | 2024-03-12T07:03:39Z |
| format | Article |
| id | doaj.art-e3a679b2cc5842ed9b0fdb7e6673fb6a |
| institution | Directory Open Access Journal |
| issn | 1930-2975 |
| language | English |
| last_indexed | 2024-03-12T07:03:39Z |
| publishDate | 2010-02-01 |
| publisher | Cambridge University Press |
| record_format | Article |
| series | Judgment and Decision Making |
| spelling | doaj.art-e3a679b2cc5842ed9b0fdb7e6673fb6a2023-09-02T23:38:00ZengCambridge University PressJudgment and Decision Making1930-29752010-02-01513753Conflict of interest and the intrusion of biasDon A. MooreLloyd TanluMax H. BazermanThis paper explores the psychology of conflict of interest by investigating how conflicting interests affect both public statements and private judgments. The results suggest that judgments are easily influenced by affiliation with interested partisans, and that this influence extends to judgments made with clear incentives for objectivity. The consistency we observe between public and private judgments indicates that participants believed their biased assessments. Our results suggest that the psychology of conflict of interest is at odds with the way economists and policy makers routinely think about the problem. We conclude by exploring implications of this finding for professional conduct and public policy.http://journal.sjdm.org/10/91104/jdm91104.pdfconflict of interestself-serving biasmotivated reasoning.NAKeywords |
| spellingShingle | Don A. Moore Lloyd Tanlu Max H. Bazerman Conflict of interest and the intrusion of bias Judgment and Decision Making conflict of interest self-serving bias motivated reasoning.NAKeywords |
| title | Conflict of interest and the intrusion of bias |
| title_full | Conflict of interest and the intrusion of bias |
| title_fullStr | Conflict of interest and the intrusion of bias |
| title_full_unstemmed | Conflict of interest and the intrusion of bias |
| title_short | Conflict of interest and the intrusion of bias |
| title_sort | conflict of interest and the intrusion of bias |
| topic | conflict of interest self-serving bias motivated reasoning.NAKeywords |
| url | http://journal.sjdm.org/10/91104/jdm91104.pdf |
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