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
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, K42Accepted Paper Series
Date posted: June 5, 2009 ; Last revised: August 1, 2009
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