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Conflicts of Interest
Challenges and Solutions in Business, Law, Medicine, and Public Policy

$32.99 (P)

Don Moore, George Loewenstein, Daylian Cain, Dolly Chugh, Mahzarin Banaji, Max Bazerman, Robert MacCoun, Mark Nelson, Andrew Stark, Jerome P. Kassirer, Jason Dana, Tom Tyler, Robert Frank, Samuel Issacharoff
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  • Date Published: June 2010
  • availability: Available
  • format: Paperback
  • isbn: 9780521143462

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About the Authors
  • 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.

    • Co-editors George Loewenstein and Max Bazerman are two of the US's leading specialists in organizational behavior
    • Contributors are also internationally renowned
    • Can be used for coursework in many disciplines on organization
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    Reviews & endorsements

    "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

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    Product details

    • Date Published: June 2010
    • format: Paperback
    • isbn: 9780521143462
    • length: 316 pages
    • dimensions: 229 x 152 x 18 mm
    • weight: 0.47kg
    • availability: Available
  • Table of Contents

    List of contributors
    Acknowledgements
    Introduction Don A. Moore, George Loewenstein, Daylian M. Cain, and Max H. Bazerman
    Part I. Business:
    1. Managing conflicts of interest within organizations: does activating social values change the impact of self-interest on behavior? Tom R. Tyler
    2. Commentary: on Tyler's 'Managing conflicts of interest within organizations' Robyn Dawes
    3. A review of experimental and archival conflicts-of-interest research in auditing Mark W. Nelson
    4. Commentary: conflicts of interest in accounting Don A. Moore
    5. Bounded ethicality as a psychological barrier to recognizing conflicts of interest Dolly Chugh, Max H. Bazerman and Mahzarin R. Banaji
    6. Commentary: bounded ethicality and conflicts of interest Ann E. Tenbrunsel
    7. Coming clean but playing dirtier: the shortcomings of disclosure as a solution to conflicts of interest Daylian M. Cain, George Loewenstein and Don A. Moore
    8. Commentary: psychologically naive assumptions about the perils of conflicts of interest Dale T. Miller
    Part II. Medicine:
    9. Physicians' financial ties with the pharmaceutical industry: a critical element of a formidable marketing network Jerome P. Kassirer
    10. Commentary: how did we get into this mess? Peter A. Ubel
    11. Why are (some) conflicts of interest in medicine so uniquely vexing? Andrew Stark
    12. Commentary: financial conflicts of interest and the identity of academic medicine Scott Y. H. Kim
    Part III. Law:
    13. Legal responses to conflicts of interest Samuel Issacharoff
    14. Commentary: conflicts of interest begin where principal-agent problems end George Loewenstein
    15. Conflicts of interest and strategic ignorance of harm Jason Dana
    16. Commentary: strategic ignorance of harm Daylian M. Cain
    Part IV. Public Policy:
    17. Conflicts of interest in public policy research Robert J. MacCoun
    18. Commentary: conflicts of interest in policy analysis: compliant pawns in their game? Baruch Fischhoff
    19. Conflict of interest as an objection to consequentialist moral reasoning Robert H. Frank
    20. Commentary: conflict of interest as a threat to consequentialist reasoning David M. Messick
    Index.

  • Editors

    Don A. Moore, Carnegie Mellon University, Pennsylvania

    Daylian M. Cain, Carnegie Mellon University, Pennsylvania

    George Loewenstein, Carnegie Mellon University, Pennsylvania

    Max H. Bazerman, Harvard University, Massachusetts

    Contributors

    Don Moore, George Loewenstein, Daylian Cain, Dolly Chugh, Mahzarin Banaji, Max Bazerman, Robert MacCoun, Mark Nelson, Andrew Stark, Jerome P. Kassirer, Jason Dana, Tom Tyler, Robert Frank, Samuel Issacharoff

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