The Polls--Trends: Confidence in Banks, Financial Institutions, and Wall Street, 1971-2011

Owens, Lindsay A.

doi:10.1093/poq/nfr059

Cited by 31 publications

(19 citation statements)

References 2 publications

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“…Indeed, the recent economic turmoil in Western countries has given rise to many episodes of public outrage at the behavior of individuals in the financial sector. According to Owens (2012), public animosity toward banks, financial institutions, and "Wall Street" reached a 40-year high in 2011. Justified or not, the image of protesters holding signs with slogans as "People, Not Profits" indicates an increasing moral indignation of regular citizens who perceive management practices as selfish.…”

mentioning

confidence: 99%

Money, depletion, and prosociality in the dictator game.

Achtziger

Alós–Ferrer

Wagner

2015

Journal of Neuroscience, Psychology, and Economics

115

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We study the effects of ego depletion, a manipulation which consumes self-control resources, on social preferences in a dictator game. Depleted dictators give considerably less than nondepleted dictators and hence exhibit strong preferences for selfish allocation. In contrast to earlier studies, participants were explicitly paid for completing the ego-depletion task (with either a flat rate or strictly performance-based payment). We studied the dynamics of decisions by repeating the dictator game 12 times (anonymously). Depleted dictators start with much lower offers than nondepleted ones, but, strikingly, offers decrease in time for both groups, and more rapidly so for nondepleted dictators. We conclude that, whereas depleted dictators neglect fairness motives from the very first decision on, nondepleted dictators initially resist the tendency to act selfishly, but eventually become depleted or learn to act selfishly. Hence, pro-social behavior may be short-lived, and ego depletion uncovers the default tendencies for selfishness earlier.

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mentioning

confidence: 99%

Money, depletion, and prosociality in the dictator game.

Achtziger

Alós–Ferrer

Wagner

2015

Journal of Neuroscience, Psychology, and Economics

115

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“…In the decade before the initial outbreak of the 2007/8 global financial crisis, both surveys (Doggett 2016;Gallup n.d.;Owens 2012;Park et al 2013) and public figures (Borio 2016: 3;Skapinker 2014) alike were continually warning that wider public trust in governments and financial institution was 'imploding' (Edelman 2017). Distrust did not appear from nowhere but had 'snowballed' through a series of preceding crises, especially the 1997/8 Asian Financial Crisis that had led prominent figures, including former World Bank chief economist Joseph Stiglitz (2002), to point to the growing 'discontent' with financial globalization.…”

Section: Extending Trust Extending Pathologiesmentioning

confidence: 99%

Blockchains, trust and action nets: extending the pathologies of financial globalization

Campbell‐Verduyn

Goguen

2018

Global Networks

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Blockchains combine digital encryption and time stamping technologies to enable digital exchange to occur in manners celebrated by proponents as ‘trust‐free’. Yet, an increasing range of scholars argue that actual applications of the peer‐to‐peer technology shifts, rather than eliminates, trust. In this article, we draw on organizational theory to argue that efforts to remove trust reorganize the action nets that underpin payment systems in manners that extend rather than eliminate longstanding pathologies afflicting financial globalization. Our analysis supports and extends the critiques that blockchain applications are far from ‘trust‐free’. By tracing how efforts to reconfigure the socio‐technical composition of the humans and objects that underpin payment systems, we illustrate how blockchain applications shift the location and character of the technical vulnerabilities that create market instabilities and concentration, as well as elite‐led governance.

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“…First, the failure of the sub-prime market, the deregulation of particular markets and the global recession that followed that triggering event, propelled many Western Fischbacher-Smith and Smith countries into a state of crisis and eroded confidence in financial institutions (Owens, 2012). This crisis illustrated the limitations of key assumptions around increases in the value of house prices, the willingness of individuals to incur debt and the effectiveness of governance and control mechanisms that were supposed to be in place to manage the behaviours of financial institutions.…”

Section: Introductionmentioning

confidence: 99%

Navigating the ‘dark waters of globalisation’: Global markets, inequalities and the spatial dynamics of risk

Fischbacher‐Smith

Smith

2015

Risk Manag

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The links between the processes of globalisation and the generation of risk have been brought into sharp focus as a function of a series of accidents and terrorist attacks on Western interests and their supply chains. The increasingly interconnected nature of organisations, the dependence of western economies on a set of global supply chains, the export of hazardous goods and services, and the recruitment of staff from a global recruitment pool, all generate the potential for new forms of hazard and require organisations to reconfigure and extend the capabilities of their control and monitoring systems. Our aim in this article is to review the challenges that globalisation processes can generate for organisational effectiveness and, in particular, on the performance of processes around risk management and the prevention of crises.

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The Polls--Trends: Confidence in Banks, Financial Institutions, and Wall Street, 1971-2011

Cited by 31 publications

References 2 publications

Money, depletion, and prosociality in the dictator game.

Money, depletion, and prosociality in the dictator game.

Blockchains, trust and action nets: extending the pathologies of financial globalization

Navigating the ‘dark waters of globalisation’: Global markets, inequalities and the spatial dynamics of risk

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