The Bankers' Dilemma: Need for Stakeholder Gaming to Understand the Poor Little Rich Boy
7 Pages Posted: 4 Nov 2012 Last revised: 7 Nov 2012
Date Written: November 7, 2012
If bankers are treated as wolves, they reply that they cannot behave as dolphins while swimming with sharks. What kind of new games and incentives are required to allow people to modify behavior? Clearly, education as we know it is not the answer for it produces rules that lead to shark like behavior. Permitting sharks to modify rules only leads to new rules which permit sharks to win.
Keywords: Corporate Social Responsibility, CSR, banking, financial crisis, social performance, incentives, ethics, games
JEL Classification: C7, G21, G3, M14
Suggested Citation: Suggested Citation