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Ed Balleisen.

 Professor, The Kenan Institute for Ethics.

 

Fraud has continued to exist in part because many accusations of fraud have been dismissed as mere "whinging." Changes in economic structures have also helped hide rampant fraud. Behavioral Economics may address fraud by educating consumers, and by making financial crises more salient to risk-takers.

2. How is Behavioral Economics related to fraud/corruption in light of this distinction?

 

3. May Behavioral Economics address fraud by providing incentives other than financial rewards?

 

4. How has the salience of financial crises affected financial players' risk tolerance?

 

1. What is the legal conception of fraud, and how does it differ from the popular conception?

 

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