When Michael Jordan’s agent set out to negotiate a new contract with the Chicago Bulls for his client back in the mid 90s, he anticipated that the team’s managing partner would lowball the salary offer.
In a scene from the 2010 film Wall Street: Money Never Sleeps, financial trader Gordon Gekko — played by Michael Douglas — defines moral hazard as a situation in which “somebody takes your money and
Aimed at integrating cutting-edge psychological science into the classroom, Teaching Current Directions in Psychological Science offers advice and how-to guidance about teaching a particular area of research or topic in psychological science that has been