Lessons from Enron -- And Why We Don't Learn from Them

Rapoport, Nancy B.

Abstract

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Lessons from Enron -- And Why We Don't Learn from Them

Nancy B. Rapoport

University of Nevada, Las Vegas, William S. Boyd School of Law

June 3, 2009

Commercial Lending Review, p. 23, May-June 2009
UNLV William S. Boyd School of Law Legal Studies Research Paper No. 09-17

Abstract:
This article discusses why even the smartest of people can make boneheaded decisions, and it suggests that the only way to avoid future Enrons is to take into account the cognitive mistakes that humans tend to make.

Number of Pages in PDF File: 5

Keywords: Corporate scandals, corporate governance, cognitive errors, cognitive dissonance, Milgram, Asch, Enron

JEL Classification: M10, K1, K19, K20, K22, K42

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Date posted: June 5, 2009 ; Last revised: August 1, 2009

Suggested Citation

Rapoport, Nancy B., Lessons from Enron -- And Why We Don't Learn from Them (June 3, 2009). Commercial Lending Review, p. 23, May-June 2009; UNLV William S. Boyd School of Law Legal Studies Research Paper No. 09-17. Available at SSRN: http://ssrn.com/abstract=1413937

Contact Information

Nancy B. Rapoport (Contact Author)

University of Nevada, Las Vegas, William S. Boyd School of Law ( email )

4505 S. Maryland Parkway
Box 451003
Las Vegas, NV 89154
United States
702-895-5831 (Phone)
702-895-2482 (Fax)

HOME PAGE: http://www.law.unlv.edu