A cure for Wall Street corruption? Science says thinking about time strengthens morality

National Monitor:

Wall Street bankers, or really anyone whose job involves working in finance, has gotten a bad rap since the 2008 financial meltdown. It’s no surprise, because priming people to think about money makes them more likely to cheat and act dishonestly. Well, science may have found a “cure,” of sorts: According to new research published in Psychological Science, prompting people to think about time (which, depending on whom you ask, is either the exact same or total opposite of money) appears to strengthen their moral compass.

The research, conducted by psychological scientists Francesca Gino of Harvard Business School and Cassie Mogilner of The Wharton School of the University of Pennsylvania, shows that implicitly activating the concept of time reduces cheating behavior by encouraging people to engage in self-reflection.

Read the whole story: National Monitor

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