About the ethical, the paper will descript Bounded Ethicality, Conflict of Interest as well as Conformity Bias and try to find out the relationship among them and the ethical issues.
Bounded ethical as well as bounded rational usually means the disposition or desire to be good people can be overwhelmed by psychological or organizational factors that we may not even be aware of. These factors adversely affect ethical decision making as well as economic decision making. There are some factors like organizational pressures and psychological factors that put bounds and limit the ethical action. And there are some conflicts between the personal and professional roles which will cause conflicts of interest. To avoid this case, we need to acknowledge that professional codes of conduct. The Conformity Bias could always lead to an ethical issue without realization of people. Psychological and organizational pressures can cause even people with good intentions to lie or otherwise act unethically.
Some misunderstanding of people like Bounded Ethicality, Conflict of Interest as well as Conformity Bias, could always make people think they are doing the ethical or good things but the truth is not.
Most of people want to act ethically, and are certain that they will be as people just know they are good people. But most of them are also overconfident regarding our own ethicality. But we are just bounded ethical, as there are some factors like organizational pressures and psychological factors that put bounds and limit the ethical action. To avoid the conflicts between personal and professional problems, we need to acknowledge that professional codes of conduct do not make people immune to these conflicts, and that these codes are rarely a justification for ignoring the likely outcomes that conflicts of interest create. As for Conformity Bias, psychological and organizational pressures can cause even people with good intentions to lie or otherwise act unethically.
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