The optimal amount of fraud is non-zero
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The optimal amount of fraud is non-zero
Political scientist Russel Hardin (2002) argues that trust is really about encapsulated interest, i.e., a kind of closed loop of each party’s self-interests. Like the real estate agent who sells a house at a reasonable price not because she cares about the client but because her commission is directly tied to the sale price, the drug dealer also ea... See more
JENA MARIE ESPELITA • TRUSTING A TRUSTLESS NETWORK. The Paradoxes of Trust in Blockchain Technology
“Human society is a ‘network of lies and deceptions’ that would collapse under the weight of too much honesty.” Robert C. Solomon, former professor of philosophy at the University of Texas at Austin, mirrored this sentiment in Lying and Deception in Everyday Life. “Deception is sometimes not a vice but a social virtue,” he writes, “and systematic d
... See moreIan Frisch • Magic Is Dead: My Journey into the World's Most Secretive Society of Magicians
When our actions are more distant from the execution of the dishonest act, when they are suspended, and when we can more easily rationalize them, golfers—like every other human on the planet—find it easier to be dishonest.
Dan Ariely • The Honest Truth About Dishonesty: How We Lie to Everyone--Especially Ourselves
The metaphor of risk management uses financial incentives to empower our nobler epistemic instincts.
While the metaphor of Facts excuses us from the responsibility of exercising personal judgment, the metaphor of risk management uses financial incentives to empower our nobler epistemic instincts to overcome our lazier ones.
... The employment of gree
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