So what are the ethics involved with using numbers to make our
\npoint even when we know things could be seen differently if we
\npresented it a bit differently? Remember, morals are what we know
\nabout right and wrong as individuals, ethics is the systems of
\nformal and informal rules society adopts for the application of
\nmorals. (Example, most of us would agree that killing a human is
\nmorally wrong, however, the ethical system says it is okay to kill
\nin self-defense, war, and some other situations.) Yi really wants a car but her credit is pretty poor and she
\ndoesn’t make much money. Both of those make a new car impossible
\nfor her. Instead, she finds a used car seller who offers credit to
\nanyone and a no down payment deal. She knows that they are charging
\nmore for the car she wants than what she would pay if she bought it
\nwith cash from someone selling their own car but she can get
\ncredit. The deal sounds really good. The car is being sold for
\n$9,995 with no money down. Unfortunately, her interest rate is
\ngoing to be 18% for the five years she has the loan. By law, all of
\nthis has to be in the loan document but the salesperson will focus
\non the no money down, easy credit, and the $9,995 car is much
\ncheaper than what she could get new. Yet, just with simple interest calculations, Yi’s monthly
\npayment will be $253.81 and her total cost for the car will be
\n$15,228.60. If she simply saved that same payment for four months and put
\n$1,000 down, she would likely qualify for a lower interest rate and
\ncould either get a lower monthly payment ($186.72) or she could buy
\na $13,000 car for the same monthly payment. Is there a difference between what you’re willing to present as
\nethical to a consumer versus what you would consider ethical if a
\nsalesperson did it to you? At what point do you feel unfairly
\nmanipulated by numbers? How much should we trust number-based
\nevidence? How do we know we are being manipulated fairly or
\nunfairly?<\/p>\n","protected":false},"excerpt":{"rendered":"
So what are the ethics involved with using numbers to make our
\npoint even when we know things could be seen differently if we
\npresented it a bit differently? Remember, morals are what we know
\nabout right and wrong as individuals, ethics is the systems <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-110228","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/posts\/110228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/comments?post=110228"}],"version-history":[{"count":1,"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/posts\/110228\/revisions"}],"predecessor-version":[{"id":110229,"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/posts\/110228\/revisions\/110229"}],"wp:attachment":[{"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/media?parent=110228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/categories?post=110228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/tags?post=110228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}