I take from the article itself: As the Nobel-winning economist Vernon Smith (now of Chapman University) and colleagues found in laboratory experiments, markets in goods for consumption promote cooperation, but markets in assets for speculation and resale produce bubbles and crashes. Once again, the difference lies in the conditions, not in the people themselves.
I am not surprised, it goes to show that environmental set up and external factors can play a big role into how we behave and interact.
They charge our luggage on a pound basis, I guess charging on weight, although troubling and may be insulting for some people, to me kind of makes sense.
I would interested to see if this is going to affect the number of customers buying their service. I am pretty sure some people will shy away from that air line.
I feel like it depends in the type of business you are in and how market forces influences it. I have no doubt in business where cooperation is key, that market forces can bring the best out of us.
I find the color association very interesting. I never really thought to wear red when I was trying to get a date, nor have I found candy bars in green labels more healthy. Makes me wonder if I’ve been missing out on something good here!
Very interesting experiment with the candy bars labels and the college student. The first experiment with the green and red labels truly makes sense. I mean, we often associate red with “alarming”, “cautious” things…thus, it makes sense for people to associate red with more calories, it’s kind of telling you to “watch out”! However, I’m not sure why the white labels on the other experiment had the same effect on people as the red labels. I would think that white labels would make a candy seem more “pure”, “healthy”? Interesting.
LOVED this link! It is so true. Not only should we be generous and kind to other people just to do something good for someone and brighten their day, but because you don’t know who’s watching. Perhaps your act of kindness will motivate someone else to do something nice for another person, and this can truly be a marvelous thing. Excellent link!
I think you can make the case for it both encouraging people to be “cut-throat” and also to be nice. What we need to understand is that we have innate human traits that no social and economic system will change. Any system will end up brining out the best and worst in people, unless we somehow change our natural traits someday.
I don’t find this that surprising because usually we tend to associate healthy foods with a “healthy” and organic environment, which has always been associate with the color green.
Keep in mind the service airlines provide is transporting weight and volume (of both luggage and people) from the airport of origin to the airport destination. Airlines carrying capacity is limited by both volume and weight. It should cost more for people who take up more space, or want to transport more weight (be it luggage or blubber). This is already done to some degree with luggage; checked baggage costs $25 for the first bag and more for the second and baggage over-weight charges apply to bags over 70 lbs.
About the Samoa Air is first to price tickets by the passenger pound…
Just because children are small and weigh less than adults, I’m not in favor of giving parents a break on the price of transporting children. Kids are noisy and whiney. There should be an additional charge for kids — not a lower ticket price because they weigh less.
@ The markets make us nice article
I take from the article itself: As the Nobel-winning economist Vernon Smith (now of Chapman University) and colleagues found in laboratory experiments, markets in goods for consumption promote cooperation, but markets in assets for speculation and resale produce bubbles and crashes. Once again, the difference lies in the conditions, not in the people themselves.
I am not surprised, it goes to show that environmental set up and external factors can play a big role into how we behave and interact.
@ The airline charging per pound
They charge our luggage on a pound basis, I guess charging on weight, although troubling and may be insulting for some people, to me kind of makes sense.
@ The airline charging per pound
I would interested to see if this is going to affect the number of customers buying their service. I am pretty sure some people will shy away from that air line.
@ The shapely article
It would be interesting to see how this is implemented in the businesses and if it produces any insightful results.
@ The Markets make us nice
I feel like it depends in the type of business you are in and how market forces influences it. I have no doubt in business where cooperation is key, that market forces can bring the best out of us.
Are candy bars with green packaging healthier?
I find the color association very interesting. I never really thought to wear red when I was trying to get a date, nor have I found candy bars in green labels more healthy. Makes me wonder if I’ve been missing out on something good here!
Very interesting experiment with the candy bars labels and the college student. The first experiment with the green and red labels truly makes sense. I mean, we often associate red with “alarming”, “cautious” things…thus, it makes sense for people to associate red with more calories, it’s kind of telling you to “watch out”! However, I’m not sure why the white labels on the other experiment had the same effect on people as the red labels. I would think that white labels would make a candy seem more “pure”, “healthy”? Interesting.
Do markets encourage people to be nice?
LOVED this link! It is so true. Not only should we be generous and kind to other people just to do something good for someone and brighten their day, but because you don’t know who’s watching. Perhaps your act of kindness will motivate someone else to do something nice for another person, and this can truly be a marvelous thing. Excellent link!
Samoa Air is first to price tickets by the passenger pound.
I can see why! I’ve seen some Samoans who are huge people!
Samoa Air is first to price tickets by the passenger pound.
This is very good and valid argument. I’m interested to see if Samoa’s competitors adopt similar approaches.
“Do markets encourage people to be nice?”
I think you can make the case for it both encouraging people to be “cut-throat” and also to be nice. What we need to understand is that we have innate human traits that no social and economic system will change. Any system will end up brining out the best and worst in people, unless we somehow change our natural traits someday.
“Are candy bars with green packaging healthier?”
I don’t find this that surprising because usually we tend to associate healthy foods with a “healthy” and organic environment, which has always been associate with the color green.
The third link reminded me of this video I watched recently. Please watch if you have a few minutes. Totally worth it! http://www.youtube.com/watch?v=p8Z-afKPmxs
Keep in mind the service airlines provide is transporting weight and volume (of both luggage and people) from the airport of origin to the airport destination. Airlines carrying capacity is limited by both volume and weight. It should cost more for people who take up more space, or want to transport more weight (be it luggage or blubber). This is already done to some degree with luggage; checked baggage costs $25 for the first bag and more for the second and baggage over-weight charges apply to bags over 70 lbs.
Do markets make us nice?
“They also argue that networking via social media can promote niceness, which might surprise regular users of Twitter.”
hahahaha
Heavy bag cutoff is at 50lbs.
About the Samoa Air is first to price tickets by the passenger pound…
Just because children are small and weigh less than adults, I’m not in favor of giving parents a break on the price of transporting children. Kids are noisy and whiney. There should be an additional charge for kids — not a lower ticket price because they weigh less.