SUMMARY Moral Hazard in Equity Contracts: The Principal-Agent Problem The separation of ownership and control involves moral hazard‚ in that the managers (the agents) may act in their own interest rather than in the interest of the stockholder-owners (the principals) because the managers have less incentive to maximize profits than the stockholder-owners do. Tools to Help Solve the Principal-Agent Problem Production of Information: Monitoring Stockholders engage in a particular type of information
Premium Contract Economics Insurance
The Moral Argument Kant’s Moral Argument: 1) Kant claims Human beings are rational‚ moral decision makers. 2) Morality is a matter of doing ones moral duty. However: 3) Kant rejects the idea that God’s commands are the basis of morality‚ he emphasises reason is the basis of morality. 4) In which case how‚ if at all‚ does God fit into Kant’s system? Kant’s rejection of other forms of argument for God’s existence Kant argued that the existence of God is beyond human conception
Premium Logic Morality Meaning of life
“Moral Intelligence” Authors: Doug Lenick and Fed Kiel Critiqued by: October 10‚ 2007 Fall 2007 Class Honor Code: “I declare and affirm that the work submitted herein is my own work product from my own labor‚ efforts‚ and endeavors‚ and that I did not seek‚ receive‚ offer‚ or accept unauthorized aid or assistance or use of the work product of another‚ unless otherwise so stated fully and completely herein.” What does it take to be a great leader? Doug Lennick‚ author
Premium Morality Management Ethics
Moral Dilemma What people feel morally obligated to do depends on the situation. In general‚ I think everyone can agree that it is immoral to take someone’s life‚ but there are situations where people might think otherwise. There are also other less severe circumstances where people’s morals are put in question. In the end‚ it depends on one’s personal moral beliefs on how they would act when in certain instances. The first dilemma I chose was the fat man and the impending doom. Without a
Premium Morality Ethics Moral
the destruction that follows when ambition goes beyond moral constraints. To fully understand the extent to which Macbeth is a morality play‚ it is essential to give consideration to the context of the time during which the playwright penned the drama. Theatre was a major social event that not only brought society together but also taught the audience‚ regardless of their social class‚ how to behave in order for society to maintain its moral order. Shakespeare used the beliefs and current events
Free Macbeth
Moral Truth What is Moral truth? In Sam Harris’ book “The Moral Landscape”‚ he explains his ideas on moral truth. He explains that moral truth is so complex because of personal whim‚ and cultural influence. He explains his ideas of moral truth through science‚ objective and subjective‚ and consensus and consciousness. With these ideas Harris is able to define moral truth to his best ability‚ because it is such a difficult subject to understand. In the chapter on moral truth‚ Harris explains
Premium Scientific method Morality Human
way. After that‚ what I should do is to encourage others to do the similar things. Moral compass should run through the whole process. An individual’s effort is meager but we should not neglect it. Just as the recycle‚ if I do well in recycling every time I want to throw my rubbish and tell others the importance of recycle‚ more and more people will be impacted if I carry on doing this. Key Take-away Moral compass is the principle and norm that leads us to proper and right behavior. Doing
Premium Morality Recycling Ethics
Culture and Moral Development Another criticism of Kohlberg’s view is that it is culturally based. A review of research on moral development in 27 countries concluded that moral reasoning is more culture-specific than Kohlberg envisioned and that Kohlberg’s scoring system does not recognize higher-level moral reasoning in certain cultural groups (Snarey‚ 1987). Examples of higher-level moral reasoning that would not be scored as such by Kohlberg’s system include values related to communal
Free Morality Culture Sociology
MORAL PHILOSOPHY What is moral philosophy ? Moral philosophy is the branch of philosophy that is concerned with ethics. Ethics can be defined as the study of right and wrong in human endeavours‚ it helps one to answer such questions as what is the proper course of action in a given situation‚ what one should do ? It helps us identify the moral correctness of our conduct. From the very dawn of philosophy right up until this very day‚ ethics has been at the very core of the rational thinkers cognizance
Premium Ethics Morality Philosophy
IS MEDIA DETERIORATING OUR MORAL VALUES? I believe that moral values‚ being the difference between rights and wrongs are always traced back in ones religion and they always exist within ones self not in media. The conduct of human beings living in societies which include inward activities like motive and desire as well as outward activities like speech and movements of the doer’s limbs is judged to be right or wrong‚ to be good or bad by Personal ethics-the set of ones ethical commitments usually
Free Morality Human