Teaching Ethics

Betting on Predictions Markets: A Brief Ethical Analysis

How Predictions Markets Work I have previously blogged about how predictions markets work and some of the ethical issues that should be addressed. In this blog, I examine the benefits and harms of betting on predictions markets and regulatory concerns. I also look at the ethical issues using a Virtue Ethics perspective. Prediction markets offer

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KPMG-Australia Scandal: A Case of Decision Drift

Why Didn’t KPMG’s “Speak-Up” Culture Work? The recent scandal between KPMG and the Australian government centers around the firm’s solicitation of audit clients subsequent to receiving insider information about the bids from other firms to gain audit contracts. KPMG violated independence because of the conflict of interest emanating from ties of firm partners to board

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Creating a ‘Fair’ System to Evaluate Academic Achievement in Colleges and Universities

What Can Be Done About Grade Inflation I have blogged before about the problem of grade inflation in colleges and universities and how it creates a distorted view about the academic achievement of students. How is an employer to know which one of two candidates is better than the other if one deserves an “honest”

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KPMG-Australia Scandal: A Cautionary Scandal

Introduction The recent scandal between Big-Four firm KPMG and the Australian government centers around the firm’s solicitation of audit clients subsequent to receiving insider information about the bids from other firms to gain audit contracts. KPMG violated independence because of the conflict of interest emanating from ties of firm partners to board members at the

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Consequences of Learning and Working in an AI-Driven Environment

Why Students and Workers Fear the AI-Centered World Well, the commencement season has come and gone. What have we learned? It seems clear that there is some trepidation on the part of students who fear that AI-generated information will lead to a reduction in available jobs as machines do the work of student/workers. Commencement speakers

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Change is Omnipresent in Our Personal Lives

Wherever You Go, There You Are I have previously blogged about the difference between morals and ethics. In this blog, I distinguished between how each achieves its purpose of guiding right behavior. While morals are concerned with principles of right and wrong in general, ethics are related to right and wrong conduct of an individual

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Are Morals and Ethics the Same?

How to Make Ethical Decisions Ethics and morals relate to “right” and “wrong” conduct. While they are sometimes used interchangeably, there are differences. While morals are concerned with principles of right and wrong in general, ethics are related to right and wrong conduct of an individual in a particular situation. Whereas morals are customs established

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Betting on Prediction Markets: A Cautionary Tale

The Human Element of Betting on Prediction Markets Prediction markets are booming in popularity and facing scrutiny amid reports of market manipulation and insider trading. In the U.S., most betting, be it on prediction markets or on sports apps, is on the outcomes of sporting events. Indeed, betting on sports accounts for between 85% and

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