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	Podcast:		Knowledge at Wharton
	Episode:		Promises Lies and Apologies: Is It Possible to Restore Trust?
	Category:		Business
	Duration:		00:09:31
	Publish Date:		2006-07-26 12:03:13
	Description:		In the workplace trust is essential to day-to-day business whether it’s one colleague trusting that another will do her share of a project an employee trusting that his boss will reward him for working long hours to meet a deadline or a customer trusting that a company will fill an order correctly and deliver it on time. The intertwining issues of trust deception apologies and promises are explored in a new research paper titled ”Promises and Lies: Restoring Violated Trust ” by three Wharton professors who came up with a unique laboratory experiment to see what happens when trust breaks down. ”While deception may be tempting because it can be used to increase short-term profits for the deceiver ” the researchers note ”we find that the long-term costs of deception are very high.” Hosted on Acast. See acast.com/privacy for more information.
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