Are traders amoral risk takers ?

[neil]

Found this Open University article relating to traders:
"A brief trawl of media comment on the banking industry over the last few years suggests that the industry is awash with criminals and fraudsters. The picture of traders, often presented in the press, is of amoral risk-takers with bosses who are always ready to turn a blind eye if profits are being made."
(Hope the link works).
OU unpicks the myths of Rogue Traders | Platform | Open University

Enjoy

 

[Brumby]

Found this Open University article relating to traders:
"A brief trawl of media comment on the banking industry over the last few years suggests that the industry is awash with criminals and fraudsters. The picture of traders, often presented in the press, is of amoral risk-takers with bosses who are always ready to turn a blind eye if profits are being made."
(Hope the link works).
OU unpicks the myths of Rogue Traders | Platform | Open University

Enjoy

A system that has asymmetrical risk reward will invariably encourage amoral risk taking. The checks and balances require that the supervisory level fulfill their function. Unfortunately the human element is always the weakest link.

 

[trendie]

".... often presented in the press, is of amoral risk-takers ..."

The article seemed to show that traders are generally conservative and risk-averse.
It also indicated the risk-taking may be connected to undue expectations or peripheral lifestyle costs as motivations, not necessarily greed.

Good find.

 

[neil]

A system that has asymmetrical risk reward will invariably encourage amoral risk taking. The checks and balances require that the supervisory level fulfill their function. Unfortunately the human element is always the weakest link.

Alas, human frailty

 

[neil]

A system that has asymmetrical risk reward will invariably encourage amoral risk taking. The checks and balances require that the supervisory level fulfill their function. Unfortunately the human element is always the weakest link.

The weakest link- one being greed no doubt.