Egocentric Ethics

Ethical judgments are often egocentrically biased, such that moral reasoners tend to conclude that self-interested outcomes are not only desirable but morally justifiable. Although such egocentric ethics can arise from deliberate self-interested reasoning, we suggest that they may also arise through unconscious and automatic psychological mechanisms. People automatically interpret their perceptions egocentrically, automatically evaluate stimuli on a semantic differential as positive or negative, and base their moral judgments on affective reactions to stimuli. These three automatic and unconscious features of human judgment can help to explain not only why ethical judgments are egocentrically biased, but also why such subjective perceptions can appear objective and unbiased to moral reasoners themselves.     

The Dynamics of Capital Structure in Transition Economies

This paper uses a dynamic unrestricted capital structure model to examine the determinants of the private companies' target financial leverage and the speed of adjustment to it in two transition economies, the Czech Republic and Bulgaria. We explicitly model the adjustment of companies' leverage to a target leverage, and this target leverage is itself explained by a set of factors. The panel data methodology combines cross-section and time-series information. The results indicate that the Bulgarian corporate credit markets were less supply -constrained than those of the Czech Republic during the period under investigation. Bulgarian?companies adjusted much faster to the target leverage than Czech firms. The speed of?adjustment related positively to the distance between target and observed ratio for Bulgarian companies while the relationship was neutral for Czech companies. The conservative policies of Czech banks and the exposure control were likely responsible for the slower adjustment among the larger companies while the opposite were true for Bulgarian banks and companies.     

The entrapment defense

Most American jurisdictions follow either asubjective or anobjective approach to the entrapment defense. In order to test some of the differences between the two approaches, student jurors viewed a videotaped cocaine trial and were presented with either subjective test or objective test instructions. The admission of prior conviction evidence was also varied. The jurors deliberated, returned a verdict, and then completed a questionnaire that measured their understanding of the instructions and trial facts. Results show that, first, juror comprehension of the principal features of the objective test is very poor. It is suggested that an effort be made to simplify instructions describing the objective test. Should simplification not improve comprehension, it is argued that the judge, not the jury, should decide the entrapment defense when the objective test is used. Second, admission of a prior conviction has a significant impact on verdicts in the subjective test condition, but not in the objective test condition. This finding suggests that the subjective test instructions are effective in encouraging jurors to use prior convictions as evidence of guilt. The content of the objective test instruction may also account for part of the difference in impact. Jurors in the objective test condition were instructed not to take the defendant's predisposition into account, and a substantial minority of the jurors under-stood this aspect of the instruction.     

Implicit theories of intelligence and self-perceptions of academically talented adolescents and children

Beliefs about intelligence can vary from the view that it is stable to the view that it is unstable. Third through eleventh grade academically talented students (n =153) rated their beliefs on the stability of intelligence using a 6-point Likert scale. They also rated themselves on similar scales for how smart and hardworking they thought they were, and how much they liked hard tasks. Students' views of the stability of intelligence paralleled a normal distribution, with almost one-half having borderline views that can be easily modified to match environmental demands. Approximately 9% of these talented students were at risk for underachievement based on their self-perceptions of relatively low ability and the belief that intelligence is stable. High school students believed intelligence was more stable than elementary students and females described themselves as being harder workers than males. Findings may account for the differing academic experiences and performance of academically talented students over time.Received Ph.D. in Psychology from University of Maryland Baltimore County. Research interests include self-perceptions, achievement, motivation, metacognition, and family factors that contribute to the development of academic talent.Received Ph.D. in Psychology from Johns Hopkins University. Research interests include gender differences, cognitive styles, and exceptional ability. Her other interests include gifted-learning disabled students and international education.     

Policy termination as a political process

The problem of how to terminate ineffective or outdated public policies, programs, or organizations is increasingly important. This paper argues that it is helpful to conceive of termination as a special case of the policy adoption process: there is a struggle to adopt a policy A, the substance of which is to eliminate or curtail policy B. The main distinguishing feature of this class of policy contests is the activity of vested interests who are able to advance a peculiarly powerful moral claim concerning the inequity or unfairness of change.