Ethical Issues in Business and Society.
Case Study: "The Lottery Ticket".
Directions: In concise and complete sentences (using essay format), explain your ethical reasoning! To help you form your ethical conclusion, you MUST utilize the theory of ethical egoism. For example, you may say "I came to this conclusion by utilizing the theory of ethical egoism..." and explain (in detail) how that theory applies.
If you wish to quote something directly from the reading, please use the simple format of putting the author's last name and page number in parenthesis after the quotation and before the period: example - "Philosophy is wonderful" (Author, 1).
Additionally, feel free to use Socrates' infinite wisdom to help you with this assignment.
Follow precisely the steps below in analyzing this case study.
1. How would a person representing ethical egoism advise you in deciding on the right thing to do in the ethical scenario below? Why would they advise you as they do?
2. Next, indicate clearly what you think are the strengths and weaknesses in the ethical egoist's advice to you.
3. Finally, what would you do in this case and why if you found yourself in the position of the person who bought the ticket for his/her neighbor? Why?