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

5 Pages Posted: 5 Jun 2009 Last revised: 1 Aug 2009

Nancy B. Rapoport

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

Date Written: June 3, 2009

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.

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

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

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: https://ssrn.com/abstract=1413937

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 89154-1003
United States
713-202-1881 (Phone)
702-895-2482 (Fax)

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

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