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Meltdown: The end of the age of greed. (2010)

The financial meltdown of 2008 “was the product of giant hubris and the untrammelled power of the financial elite.” Paul Mason, journalist, broadcaster, visiting professor University of Wolverhampton Publisher: Verso

Extract:
“In the first week of October 2008 a deregulated banking system brought the entire economy of the world to the brink of collapse. It was the product of giant hubris and ...

Written by: Daedalus admin

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Are overconfident CEOs better innovators? (2010)

"Firms with overconfident CEOs have greater return volatility, invest more in innovation, obtain more patents and patent citations, and achieve greater innovative success for given research and development expenditures.   Hirshleifer, D.A ., The Paul Merage School of Business, University of California, Irvine Low, A., Nanyang Business School, Nanyang Technological University Teoh, S.H., The Paul Merage School of...

Written by: Hirshleifer, Low and Teoh.

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CEO overconfidence and dividend policy. (2010)

"The level of dividend payout is lower in firms managed by overconfident CEOs. This reduction in dividends associated with CEO overconfidence is greater in firms with lower growth opportunities and lower cash flow   Deshmukh, S., Goel, A.M., Howe, M., DePaul University - Department of Finance The authors develop a model of the effect of CEO overconfidence on dividend policy and empirically examine its central predictions. C...

Written by: Deshmukh, Goel and Howe.

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Power: Why some people have it – and others don’t. (2010)

"One of the effects of power is that it dissolves inhibitions as effectively as alcohol. Powerful people tend to think rules do not apply to them, and their drives often override social norms.   Jeffery Pfeffer: Thomas D. Dee II Professor of Organizational Behavior at the Graduate School of Business, Stanford University One of the effects of power - notes Stanford University's Professor...

Written by: Pfeffer, Jeffery

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The Power Trip. (2010) Nice people are actually more likely to rise to power. But then authority atrophies the very talents that got them there.

"The very traits that helped leaders accumulate control in the first place all but disappear once they rise to power. Instead of being polite, honest and outgoing, they become impulsive, reckless and rude   Jonah Lehrer, author of "How We Decide" and "Proust Was a Neuroscientist." Wall Street Journal Weekend Essay, 14 August 2010. From prostitution scandals to corruption allegations to the steady drumbeat of charg...

Written by: Lehrer, Jonah.

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Power increases hypocrisy moralizing in reasoning, immorality in behavior. (2010)

“Across five experiments … we found strong evidence that the powerful are more likely to engage in moral hypocrisy than are people who lack power. J. Lammers, D.A. Stapel, Tilburg University, Netherlands D. Galinsky Northwestern University, USA Psychological Science, 21(5), 737-744. Anecdotal evidence from various spheres suggests that power undermines people’s sense of morality, corrupting their thoughts ...

Written by: Lammers, J., Stapel, D. A., & Galinsky, A. D

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Hubris: a primal danger. (2010)

"Concern about hubris is deeply embedded in our genes. Humans might have evolved ways to ... prohibit behaviors which threaten them. Strivings for rank and power can be threats, which is why dire warnings about hubris have appeared throughout history. Dianne Trumbull, MD. Professor of Psychiatry, West Virginia University  Psychiatry, 73(4), 341-351....

Written by: Trumbull, D.

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Describing the brain in autism in five dimensions – magnetic resonance imaging-assisted diagnosis of autism spectrum disorder using a multiparameter classification approach. (2010)

"The neuroanatomy of autism is truly multidimensional, and affects multiple and most likely independent cortical features. The spatial patterns detected using SVM may help further exploration of the specific genetic and neuropathological underpinnings of ASD   Christine Ecker (1), Andre Marquand (2), Janaina Mourao-Miranda (3) et al. 1. Section of Brain Maturation, Department of Psychological Medicine, Institute of Psyc...

Written by: Ecker, Marquand, Mourao-Miranda et al.

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Social conflict: the emergence and consequences of struggle and negotiation. (2010)

"This essay considers how social conflict emerges, the ways in which it can be managed and the functions it performs. .. Conflict can have both negative and positive influences for teams working together   Carsten K.W. De Dreu. Written while the author was on sabbatical leave at Leiden University, the Netherlands. Published in Handbook of Social Psychology, 5th edn. New York: Wiley. Susan T. Fiske, Daniel T....

Written by: De Dreu, Carsten K. W.

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The neuropeptide oxytocin regulates parochial altruism in intergroup conflict among humans. (2010)

"Oxytocin drives a “tend and defend” response in that it promoted in-group trust and cooperation, and defensive, but not offensive, aggression toward competing out-groups.   Carsten K.W. De Dreu, Lindred L. Greer, Michel J.J. Handgraaf (Department of Psychology, University of Amsterdam) et al. Published in Science 2010; 328: 1408-1411. Humans regulate intergroup conflict through parochial altruism; they self-...

Written by: De Dreu, Greer and Handgraaf.

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