Economic Hardship Creates Cynicism on Wall Street
According to a Consumer Affairs report and The Wall Street Journal, there is a growing need for the employment of professional lie detectors in the business world. In the articles entitled “Wary Investors Turn to Lie Detectors” and “Wary Investors Turn to Lie Pros”, the process of probing Wall Street businessmen before employment is discussed.
These articles purport that certain signs of deception, which can be useful in a myriad of situations not just on Wall Street, are essential in trying do delineate truth from untruth. They are: irregular breathing, a sign of agitation or nervousness, microexpressions, split second facial expressions of emotion, and motionlessness often associated with extreme focus or concentration.
It is important to note that no one behavior is a definitive sign of deception but an overall assessment of an individual and situation is necessary to detect untruths.
Professional lie detectors say people are uncomfortable with telling lies and will express that awkwardness with facial microexpressions or concealing motions. These articles go on to state that deceptive tells are not always universal but 7 facial expressions are: fear, joy, anger, contempt, disgust, surprise and sadness. This is why many professional lie detectors, as well as polygraph instructors, establish a baseline for each individual before drawing any conclusions.
With the growing popularity of Lie to Me, despite its impending cancelation from Fox, deception detectors are becoming highly sought after.
A couple of such experts mentioned by the Wall Street Journal are renowned human lie detector, J. J. Newberry and Mark Frank a deception detection consultant and teacher at the University of Buffalo. Frank stated that in recent months he has turned down numerous requests from Wall Street firms to analyze potential employees.
What do you think? Is this human lie detector screening for Wall Street firms a long awaited and necessary implementation or is it a waste of a firm’s money?