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Duke Law and Economics Society.
​Fifth Annual Triangle Law and Economics Conference​.
Sam Buell.
Professor, The Kenan Institute for Ethics.
The key to eliminating fraud is to change the industry-specific expectations about what constitutes fraud in the first place. In order to address this, businesses must sufficiently see the value of integrity such that they forgo short-term gains at its expense. Projecting a higher probability of sanction on wrongdoers may also help.
2. How does "bubble psychology" relate to these problematic expectations?
3. How may Behavioral Economics be used to deter fraud/corruption in those prone to commit it?
4. Is requiring full disclosure of information enough to overcome fraud/corruption?
1. How are industry-specific expectations of what constitutes fraud contributing to its prevalence?
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