Gino and Mogilner (2014) have evidenced that the thought of money makes people engage in dishonest behaviour whereas the time leads to self-reflection, which directs people away from unethical behaviour. Although methodologically sound and the link clear, the paper focuses on the direct relationship between wanting money and behaving dishonestly. The paper could be made more applicable by considering impacting factors that affect unethical behaviour and focusing less on suggesting greed and lack of self-awareness as the reason for cheating.
Being a primary focus of the paper, time was operationally defined through the level of self-reflection and self-awareness of participants (Gino and Mogilner, 2014). Through this, the findings concluded that personality and self-image inherently links time to a lesser amount of behavioural indiscipline. While the aforementioned findings are conclusive, the value of time as an expenditure is neglected. Looking at time as a resource to be expensed creates an emotional mindset which leads individuals to think about their personal well-being (Liu and Aaker, 2008). Because time measurement proves to be more ambiguous than measuring money and/or wealth, time is not well-associated with any financial gain or loss thus leading to the suggestion that time can lead people to reflect on their personal character. The focus paper lacks to prime participants into ‘gaining time’ like it is done with money. Gino and Mogilner neglect to focus on what time means to individuals i.e. is self-reflection a reaction to feeling afraid of losing time or does time simply trigger an emotional response? Unlike Gino and Mogilner, Liu and Aaker (2008) study the relationship between time, money and the level of generosity,...
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...gs add that the level of wealth plays a significant role in this decision. Thus, by not considering the social stigmas of possessing money and not understanding that money is perceived as a multi-faceted concept, the focus paper fails to acknowledge that there are alternate reasons for people behaving dishonestly and that there are social and emotional agendas attached to possessing wealth.
Whilst the link between time, money and morality is demonstrated successfully, the focus experiments have narrowed down the plausible explanations for people cheating for money. The applicability of the paper in everyday situations is limited because other emotional and social factors are not considered widely. Furthermore, the operational definitions of time and money narrow the perspectives on why unethicality occurs or does not occur, reducing the usefulness of the findings.
Money can cause people to act selfish and arrogant, especially when they have so much money they do noteven know what to spend it on. In the novel,
Time allocation, or time management, is a trait that everyone is capable of. However, there are people who tend to manage their time better than others. People often find themselves wasting time on unimportant activities. The time wasted can depend on the type of person they are, though. Say there is a successful businessman. That man is less likely to waste his time doing something unimportant than a teenager who doesn’t have their priorities straight. In the story, ‘Contents of the Dead Man’s Pocket”, Tom Benecke struggles with balancing the time spent on his work and time spent with his wife. In our generation, technology is all around us. Whether it be phones, computers, or video games, people are wasting away their lives doing activities
When someone decides to steal cash from someone else, before the thought of stealing they had to have the long-term desire of receiving more cash. These impulses were then represented in the individual’s short-term interest to steal the money. Stealing cash from every elderly person in town probably wasn’t a long-term interest, but at that given moment of time a short-term interest of an increase in cash was desirable for this person. For the example of taking a pen from the doctor’s office, individuals are not acknowledgeable as to how this reflects their honesty. Although the individual took the pen, it was a short-term interest within taking. Although what is their long-term interest? Is it interest in always carrying a pen with themselves? Or is it something else? This is when it becomes puzzling. Overall, individuals must rationalize doing wrong and understand the implements of being ethical yet showing value to being
It seems that money is the root of all evil and can make a man do things that he would
It is often said that money is the root of all evil. The Robber Barons of the late 19th century proved this theory without fail. They showed that greed can overtake morals if the conditions are right. It
Being in America, a society encompassed by those of a wealthy nature versus those striving to obtain as much wealth as they can in their own limitations, it seems inevitable for one to pass judgment on those who choose the glamorous lifestyle over any morals they may have had prior to their riches. After reading Money and Class in America, it can be concluded that Mr. Lewis Lapham makes an intriguing point as he states that it is seemingly unintelligent to assume that one that is wealthy in pocket is also wealthy in intelligence. Everyday, greed filled Americans prove this judgment to be blatantly wrong, as they partake in the extravagant lifestyle without much thought in the immorality that comes with the lifestyle. Though some may say that
Money is the main source of power in the world, but in ways it can be viewed as good or bad depending on the situation. It has a negative connotation when mentioned by the word “acts”. “ Acts” means to perform a fictional role. Which shows that most things involving money are fake. Though humans associate being fake with being morally wrong,but its somehow acceptable if there is a greater power involved. Another definition for acts is to take action;do something. In this case to take an action can be either good or bad. There are many ways to come across money, but nobody cares if it is good or bad because it deals with a greater power.
As the old saying goes, money is power. As the statistics show, some people have an insane amount of money, yet their fellow countrymen have close to nothing. In a struggling economy, unfair distribution of wealth can create real problems and unimaginable hardships for some people. For example, millions of people pay $2 for a bottle of designer water, while millions more live on less than $2 a day. If this is to one day change, wealthy people must adopt a much more magnanimous conviction towards their money.
Few of us can deny the importance and power that money has in our society. It is difficult to think of issues that affect us on a daily basis, that does not involve money. But where does this fixation on money originate...
The author demonstrates how one can lose sight in life and become corrupt through focusing only on wealth, supremacy and materialistic possessions
“Money is the root of all evil”(Levit). Man and his love of money has destroyed lives since the beginning of time. Men have fought in wars over money, given up family relationships for money and done things they would have never thought that they would be capable of doing because of money. In the movie, based on F. Scott Fitzgerald’s novel, The Great Gatsby, the author demonstrates how the love and worship of money and all of the trappings that come with it can destroy lives. In the novel Jay Gatsby has lavish parties, wears expensive gaudy clothes, drives fancy cars and tries to show his former love how important and wealthy he has become. He believes a lie, that by achieving the status that most Americans, in th...
Cressey's fraud triangle includes three elements that must be present in order for an individual to commit fraud: perceived pressure, perceived opportunity, and rationalization. A perceived pressure is a non-shareable financial or non-financial problem that motivates an individual to commit fraud. Financial pressures often include greed, meeting shareholder expectations, and maintaining a desired lifestyle. A perceived opportunity includes an individual's knowledge and position to commit and conceal fraud. Perceived opportunities occur when a company has a lack of effective internal controls. Rationalization includes an individual's justifications as to why his or her actions were not criminal. Examples include “I did nothing wrong” or “I deserve this money than the company does” (The Fraud Triangle 2017).
For more than fifteen years psychologist Julian Edney has visited college campuses across the nation to study the effects of greed in a society where over $100 billion in new wealth accumulates each year. On each of his stays, he would play a game with randomly selected students where 10 metal nuts in a bowl represented ‘extra credit’. The students would then take the nuts for a single extra credit point. In this, he promised to double the amount of nuts left in the bowl every 10 seconds. Hypothetically, the game could last forever yielding limitless rewards as the students took turns taking a nut from the bowl. However Dr. Edney determined that 65 percent of the groups couldn’t get pass the first 10 second round, and the others could only make it a few more cycles until modest students turned into rambunctious maniacs scrounging for that last nut. Edney’s conclusion: Greed trumps trust. (U.S. News Magazine, 6/17/96 Special)
Tang, T., & Sutarso, T. (2013). Falling or Not Falling into Temptation? Multiple Faces of Temptation, Monetary Intelligence, and Unethical Intentions Across Gender. Journal Of Business Ethics, 116(3), 529-552.
The limitation of this essay is that no survey has been conducted, and so further research could be done regarding significant issues in time management.