Economics beyond common sense - Dan Aarelli... quote

Economics beyond common sense - Dan Aarelli... quote
In our world, a world where social norms dominate and a world where market rules dominate coexist.
In the world of social norms, my mother-in-law prepared delicious dishes and invited her family to eat, and what would happen if my son-in-law said he would pay me $300 for such a delicious dish? Wouldn't the son-in-law get hit in the head with a frying pan? This is the world of social norms.
The world dominated by market rules, as we all know, is when you move, you call Isa Centa to pay for it, wages, rent, etc.

There are three experiments. It's a simple experiment in which one group that plays the game pays $5 and the other group pays $5 and the other group asks for help with the experiment. The result is... which group produced the best results???

It's the group that didn't pay... the second is the group that gave you five dollars..

The lesson here is that when people work according to social norms, they work harder.

What would be the consequences of mixing social norms and market rules

An experiment in which a child from a kindergarten who knows everything is left behind. Parents who come late are charged a certain amount of money with PENALITY. The result is
Originally, the intention was to ask parents to come on time and pick up their children, but when the fine was imposed, the number of parents who came late increased.
Before that, I felt sorry, so I could pay my parents if they were late. I feel no more sorry. So far, I know everything

However, even though it was restored to its original state after that, many parents came late. It never decreased.

It shows that social norms and market rules should never be mixed.

The same goes for the company. Loyalty to the company doesn't come from pay
It is possible temporarily, but in the long run, it comes from the social relationship between the company and its employees. Increasing welfare benefits rather than salaries improves the social relationship between the company and its employees.

As I mentioned in my book (to be published soon lol), the sense of duty for one's work is the most important thing. The company has to raise this. This is the social norm given to employees by the company.

If you look at our education system, we have an education program centered on market rules. This is similar all over the world. You can see how wrong the program is. Efforts are needed to change the education system that values social norms.

Burning Man...an event where you experiment with creating a community where you don't need money..
The beginning was weak, but now it is held for a week with 40,000 people.
This rejects market rules. Each person spends a week in accordance with their abilities, conditions, and ability to do it. Some work, some work, some work, some cure, some teach yoga... That's how each person spends their week. Money doesn't exist here. It's all barter. I doubt this Bernanke man is sustainable 365 days a year, but it does have a lot of implications... Social norms play a stronger and more important role than market rules.