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And violate regulations. >> reporter: the defense department has noted seven different personality traits associated with espionage and betrayal including risk seeking, impulsiveness and narcissism. >> people who do display narcissistic tendencies tend to think they can live by their own rules an don't necessarily have to conform to societal expectations or rules. >> reporter: the psychological evaluations and background checks are far from fail safe. >> the best predictor of future behavior is past behavior. in most careers, individuals come porch situations they haven't been in before. there...

he visited a l pos precinct near orlando on the eve of the primary. he pledged to stay in the race. >> we'll beat a big lie campaign with a big truth campaign, beat money power with people power. we are going to go all the way to the convention and we are going to win in tampa, and we are going to be the nominee with your help of the republican party soinchts but if the polls are right mitt romney is likely to be the big winner, his healthy lead hasn't topped him from taking a few final shots. romney and his supporters have pounded gingrich the past week, a barrage of negative ads. h...

So they had certain expectations about what -- when they say to you, oh, we will not tell you what to write, hang out with us and write the story you want to write. they were thinking that they would get exactly what they had gotten before which was this mcchrystal is a super hero. >> he runs 90 miles in the morning and eats one meal a week, right? >> there was this in our story which was sort of, in many ways, a response to that sort of journalism there was an implicit criticism of that type of journalism. what happened after the story hit that became explicit from other folks and that is whe...

>> the odds of you standing there with the big check are just north of zero. so, why do we buy a ticket? >> are you ready. >> scott hotel is part of duke university's neuroeconomics team, exploring among other things why smart people make foolish decisions with their money. >> people don't buy a lottery ticket just because they have a chance of winning. they will buy a ticket because over the next couple days it allows them to fantasize what they would do if they won the lottery. in a sense they're paying for that experience rather than a chance for the lottery itself. >> it's not ju...

With one of those firms, you were sure to lose. they were the smart money. somehow they became the dumb money. the somehow is they got structured in a way that caused collective intelligence to decline. it caused a kind of stupidity inside. >> risk-seeking, so that, you know, there was money to be made in the short-term because the bubble kept inflating. and nobody wanted to miss that opportunity. >> that's right. the short-term is at the center of the problem. if you want to -- in the very abstract way to back away from -- from the massive losses in these wall street firms and say, okay, what...