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The economy, explained, with stories and surprises. Imagine you could call up a friend and say, "Meet me at the bar and tell me what's going on with the economy." Now imagine that's actually a fun evening. That's what we're going for at <em>Planet Money</em>. People seem to like it.


#363: Why People Do Bad Things

April 18th, 2012

Episode 467 of 902 episodes

Traditionally, when we think about bad behavior, we think about character. But psychologists who study bad behavior — who study, say, fraud in the business world — have found that that character doesn't explain everything. They've found that a lot of unethical behavior can be explained by cognitive errors — errors that affect almost everyone. On today's show, we talk to a man who started out as an upstanding businessman, and went on to commit bank fraud involving millions of dollars. It drove several companies out of business and resulted in the loss of around a hundred jobs. We try to figure out why he did it, and what it means for the rest of us.

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