I get the impression I can predict specific bad behavior pretty reliably, implying that folk wisdom can achieve markedly higher correlations that psychometric traits.
I find it amusing that I can quote a paper on how 5-10 cognitive biases lead us to think that there are stable predictable 'character traits' in people with major correlations, and then the first reply is someone saying that they think they see such traits.
I see.
Recently I summarized Joshua Greene's attempt to 'explain away' deontological ethics by revealing the cognitive algorithms that generate deontological judgments and showing that the causes of our deontological judgments are inconsistent with normative principles we would endorse.
Mark Alfano has recently done the same thing with virtue ethics (which generally requires a fairly robust theory of character trait possession) in his March 2011 article on the topic:
An overview of the 'situationist' attack on character trait possession can be found in Doris' book Lack of Character.