This, however, does not absolve them of the unethical behaviour leading to selfish gains at the cost of deeper structural damages to the system and harmful social consequences arising out of irresponsible financial behaviour as we have seen in the recent financial crisis.
Hence, there could be a case for conditioning of all those who join finance professions by way of value based education and socially relevant experiences during their college days. 19. To sum up, all of us could use the findings of behavioral economics in our daily lives as well as in policy making.