TED: What really motivates people to be honest in business | Alexander Wagner

The video discusses daily interactions with companies and the prevalence of corporate fraud, highlighting a study that shows one in seven large corporations commit fraud annually. It contrasts Adam Smith's economic theory of self-interest with Immanuel Kant's moral philosophy of right and wrong. An experiment on honesty reveals that people are motivated by intrinsic values, termed 'protected values,' which influence their behavior. The video concludes by emphasizing the importance of selecting individuals with the right values for organizational success.

What experiment does the speaker conduct to explore human behavior regarding honesty?

What findings does the speaker share about people's honesty in the coin toss experiment?

What are 'protected values' as described by the speaker, and how do they influence behavior?

What conclusion does the speaker draw about selecting people with the right values for organizations?