NEW YORK ( TheStreet) -- If you're inclined to lie and cheat -- and some days, it looks like just about everybody is -- it helps to distance yourself from your aberrant acts. Golfers, for example, will cheat more if they get a chance to nudge the ball closer to where they want by using a club, as opposed to picking it up with their hand.And financial professionals, well, we'll get to the kinds of people who swap tips about confidential Goldman Sachs board meetings in a bit. But there's good news and bad news in the research behind The (Honest) Truth About Dishonesty: How We Lie to Everyone -- Especially Ourselves, the latest book by Duke University's engaging behavioral economist Dan Ariely. The good news is that there are actually ways to minimize the chances people will cheat. The bad news is that in the U.S., the most popular economic philosophy is not, in Ariely's view, one that nurtures corporate honesty.
'Moral Reminders' May Help Clean Up Wall Street
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.