Word: behaviors
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...psychologists James Konow and Joseph Earley, income really only provides happiness at the lower levels of the earnings spectrum—when paying for necessities. So MBAs and others who egoistically seek to maximize income as a path to happiness are likely taking the wrong approach. Unethical or immoral behavior as a means to increase income, therefore, is probably not the right way to attain overall happiness either...
...Unfortunately, direct empirical analysis linking the role of ethical and moral values to happiness has been very limited. More typical, and still highly interesting, has been the study of how pro-social behavior, such as altruism, or other specific components of an ethical life, influence happiness. Voluntarism, for example, is a specific pro-social behavior that provides a good measure of altruism. In fact, volunteer work is one of the most practiced and important pro-social activities across the globe. Of adults in the U.S., 50 percent participate in volunteer activities, doing the amount of labor in a year...
...this research suggests that while there may be trade-offs between ethical behavior and the pursuit of wealth, morality no longer seems so difficult when we change the goal to be the pursuit of happiness instead. Perhaps the best way to encourage ethical behavior among MBAs is not to frame “acting in an ethical manner” as a sacrifice—in which wealth is exchanged for virtue—but rather as an opportunity for gain through happiness. Ethical behavior (just like unethical behavior) can be born of self-interest. For everyone?...
...Club members] were still subject to the College’s rules on good behavior,” Fox said about his time as dean. “Individual students were still obliged to follow the College’s rules...
...creditors. It had to demonstrate that it had a grip on the banking crisis - that financial Armageddon was not at hand - and it needed to show the world that a broad, macroeconomic turnaround wasn't too far down the road. Geithner is loathe to talk publicly about market behavior, but Treasury officials believe that a tightening of credit-market spreads shows an improvement in confidence. "Risk premia are receding in response to signs of stabilization," says an official familiar with Treasury's thinking. And the recent slight rise in interest rates demonstrates nothing except a market beginning to return...