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1) In the video, Adam Smith's version of economics was described as everyone behaves in their own interest and it is good for everyone
1) In the video, Adam Smith's version of economics was described as everyone behaves in their own interest and it is good for everyone at the end. He stated that people follow the "Code of Conduct" because they have to otherwise it might impact their reputation. The example leaned towards a hybrid idea that "everyone is operating at a conventional level only because they do not have a choice to operate as their regular self at a pre-conventional level". Please discuss this statement. 2) In the video, Immanuel Kant had a notion in which he stated that some actions being right and some being wrong regardless of the consequences. Therefore, according to Kant that having incentives and code of conduct is pointless because some things are either good or bad. Do you agree with this statement? What level of moral development is Immanuel referring to in this question? 3) Imagine you were involved in the "coin toss" experiment described in this video. How would you behave in that experiment? What would be your answer?
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