Question

In the movie The Big Short:

Please answer and discuss the following:

• Define the ethical dilemma in the movie.
• How the movie resolved the dilemma?
• What are possible alternative solutions?
• What are lessons learned for an accounting student with this movie?

Answer 1

Ethical dilemma in the movie:- The movie Wall Street portrays a very strong social context emerging on the Wall Street, where competition and the urge to make more money have left no room for ethical decision making. This movie sensitizes us with a dilemma which a young dreamer faces when he faces the practicality of the real world. In order to make big bucks he has to make a decision against his moral principles. He does take it, however sooner realizes that this chase for money is a never ending chase and will make a monster out of him. He therefore retraces his steps back. Although it came at a cost of him getting arrested, he had no qualms regarding his decision. Concluding about the actions taken by the characters in the movie can be controversial, as suggested because both sides can give their points based on different theories and explanation; however as a group we strongly feel that Bud did make a very ethical decision.Everyone does mistakes. As a newcomer, it was natural of him to get impressed by the bigwigs of the industry. However what distinguished him was the force and strength of his character, by which he listened to his own true inner voice

Movie resolved the dilemma and Possible alternative solution:- A great moral dilemma can transform a good movie into a great, indelible one that lives on for years and is discussed fervently forever more. A movie with a water-tight moral dilemma will provoke fierce, intense, divisive emotional reactions in viewers, who will come down on one side or the other and irrefutably defend that viewpoint to the hilt. However, some films often push the binary nature of the dilemma a little too hard, and the result is one that's actually not that complex at all when you think about it. Usually because the sensible option is actually pretty obvious when you boil it down, these movies got a little big for their britches and thought they were being far more thought-provoking than they actually were. Though occasionally these films arrived at the right moral choice, most of the time they blew it, and we were left despairing at our televisions. Here are 10 moral dilemmas that could have easily been solved..

As a simple alternative to these frameworks, we should consider the folowing framework:-

1. Estabilist the facts surrounding the ethicla dilemma.

2. Determine your legal obiligation and duities.

3. Estabilish the interested participants resolved.

4. Determine the ethical values of each participant

5. Consider the normative ethical theories as an aide to determine a course of action

6. Consider options that would be ethically sound.

7. Consideration of the possible negative and positive outcomes of each possible option

Lessons learned for an accounting student with this movie are :-

1.If You Build It (& People Want It), They Will Come

2. Greed is Good — At Getting You Arrested

3. Every (Fraction of a) Penny Counts

4. Try Making Them an Offer They Can’t Refuse