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Working Paper Series

School of Business Administration, Oakland University


 

Papers for 2008

2008-1.
Helping Groups Make Ethical Decisions

Kieran Mathieson

Dioptra is software designed to help groups make decisions about ethical issues. It does not do any "thinking" for the team. Instead, it helps them organize their own thinking.

2008-2.
Dioptra: An Ethics Decision Support System

Kieran Mathieson

Ethical decision making is difficult. Decision makers with cognitive, emotional, social, and philosophical limits have incomplete information about ambiguous, dynamic situations, where the consequences of action are uncertain. This paper describes Dioptra, a decision support system that can help people become more effective ethical decision makers. Dioptra adds structure to the decision process, supports various communication modes from face-to-face to fully distributed teams, helps DMs avoid cognitive and other biases, and addresses dysfunctional group behavior. Dioptra is a flexible system, potentially useful for many other applications besides ethical decision support. Dioptra is intended to be used by mindful people in organizations with an ethical culture. The system will be of limited use if these conditions are not met.

2008-3.
An Analysis of the Financial Crisis of 2008: Causes and Solutions

Austin Murphy

This research evaluates the fundamental causes of the current financial crisis. Close financial analysis indicates that theoretical modeling based on unrealistic assumptions led to serious problems in mispricing in the massive unregulated market for credit default swaps that exploded upon catalytic rises in residential mortgage defaults. Recent academic research implies solutions to the crisis that are appraised to be far less costly than a bailout of investors who made poor financial decisions with respect to credit analysis.

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