Economics often suggests that competition improves efficiency. Jay seems to agree. He fosters competition within his family to help them achieve their goals. But are they really achieving those goals? The truth comes out in this clip. It turns out that they’re a family of cheaters and not a family of winners.
See more: cheating, competition, ethics, incentives, moral hazard, motivation, self interest, unintended consequences
Cam is desperate to win the football game and be a winner. He overhears the opposing team’s coach plans for the next play. Does he act on this insider information? Yes. Using insider information in buying and selling financial securities is illegal because it gives someone an unfair advantage. Similarly, many would consider Cam’s actions cheating. In fact, Cam feels really guilty about it but Mitch encourages him to keep up the facade because winning is also important to him.
See more: ethics, insider trading, morals, self interest