New study shows bankers become dishonest when they think about their job

A new study by behavioural economists Alain Cohn, Ernst Fehr & Michel André Maréchal from the University of Zurich Department of Economics has shown that bankers are fundamentally honest human beings, until they are reminded of what they do for a living.

In a simple coin-tossing test, where participants could cheat for personal financial advantage, bankers were significantly more likely than other people to do so – but only if they were asked questions that related to their profession immediately beforehand. This behavior closely mirrors that seen in similar tests done with convicted criminals.

Read the full report in Nature here

Here an interview with researcher Alain Cohn by ABC World Today’s Nick Grimm here