Conflicts of Interest: Challenges and Solutions in Business, Law, Medicine, and Public Policy

Cambridge University Press, 6/23/2005
EAN 9780521844390, ISBN10: 0521844398

Hardcover, 314 pages, 22.9 x 15.9 x 2.5 cm
Language: English
Originally published in English

This collection explores the subject of conflicts of interest. It investigates how to manage conflicts of interest, how they can affect well-meaning professionals, and how they can limit the effectiveness of corporate boards, undermine professional ethics, and corrupt expert opinion. Legal and policy responses are considered, some of which (e.g. disclosure) are shown to backfire and even fail. The results offer a sobering prognosis for professional ethics and for anyone who relies on professionals who have conflicts of interest. The contributors are leading authorities on the subject in the fields of law, medicine, management, public policy, and psychology. The nuances of the problems posed by conflicts of interest will be highlighted for readers in an effort to demonstrate the many ways that structuring incentives can affect decision making and organizations' financial well-being.

List of contributors
Acknowledgements
Introduction Don A. Moore, George Loewenstein, Daylian M. Cain, and Max H. Bazerman
Part I. Business
1. Managing conflicts of interest within organizations
does activating social values change the impact of self-interest on behavior? Tom R. Tyler
2. Commentary
on Tyler's 'Managing conflicts of interest within organizations' Robyn Dawes
3. A review of experimental and archival conflicts-of-interest research in auditing Mark W. Nelson
4. Commentary
conflicts of interest in accounting Don A. Moore
5. Bounded ethicality as a psychological barrier to recognizing conflicts of interest Dolly Chugh, Max H. Bazerman and Mahzarin R. Banaji
6. Commentary
bounded ethicality and conflicts of interest Ann E. Tenbrunsel
7. Coming clean but playing dirtier
the shortcomings of disclosure as a solution to conflicts of interest Daylian M. Cain, George Loewenstein and Don A. Moore
8. Commentary
psychologically naive assumptions about the perils of conflicts of interest Dale T. Miller
Part II. Medicine
9. Physicians' financial ties with the pharmaceutical industry
a critical element of a formidable marketing network Jerome P. Kassirer
10. Commentary
how did we get into this mess? Peter A. Ubel
11. Why are (some) conflicts of interest in medicine so uniquely vexing? Andrew Stark
12. Commentary
financial conflicts of interest and the identity of academic medicine Scott Y. H. Kim
Part III. Law
13. Legal responses to conflicts of interest Samuel Issacharoff
14. Commentary
conflicts of interest begin where principal-agent problems end George Loewenstein
15. Conflicts of interest and strategic ignorance of harm Jason Dana
16. Commentary
strategic ignorance of harm Daylian M. Cain
Part IV. Public Policy
17. Conflicts of interest in public policy research Robert J. MacCoun
18. Commentary
conflicts of interest in policy analysis
compliant pawns in their game? Baruch Fischhoff
19. Conflict of interest as an objection to consequentialist moral reasoning Robert H. Frank
20. Commentary
conflict of interest as a threat to consequentialist reasoning David M. Messick
Index.