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Bus-Adm 393

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Submitted By yunanyu
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Value and Theories
Purpose: Provide a personal look at ethics and morality
Personal Credo: “To thine own self be true.” 1. Who are you?
Abilities, Talents, characteristics that define you 2. Make a list * Things I would never do to be successful. * Things I would never do to make money.
What are ethics?
Generally accepted rules of conduct that govern society 1. Higher standard than law 2. “You know it when you see it” * Unfair * Dishonest * Unjust 3. Purpose of ethical theories: Move beyond
Divine Command Theory 1. Decisions are made based on guidance from a divine being * E.g., Ten Commandments, U.S. Constitution
Joe’s Dilemma, Revisited
Using Divine Command Theory, make the argument that: 1. Joe should keep the money
Thou shall not steal 2. Joe should give the money to his father
Honor thy father and thy mother
Divine Command Theory
Pros? : Can be simple Wide buy-in in homogenous groups
Realistic?
Unethical behavior can be constrained
Cons? : Creates conflict in heterogeneous groups
Conflicting
Ethical Egoism Theory
Everything is determined by self-interest * We should limit our judgment to our own ethical egos and not interfere with judgment of others * Laws are needed to maintain order.
Adherents
Ayn Rand, Thomas Hobbes * There is a positive harmony of interests among free, rational humans, such that no moral agent can rationally coerce another person consistently with his own long-term self-interest
Adam Smith

1. Joe should keep the money.

He wants to go to camp
What makes people happy?
Spending on Self or Others
N =632: Nationally representative

The Utilitarian Algorithm 1. Specify the range of possible actions. 2. Identify all who are affected by the action(s) 3. Estimate the aggregate consequences of the actions for their utilities

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