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an
came out in this month's science magazine
german researchers
have found in an experimental setup
hurry experimentation say
that
at least indicates that markets participation in marcus markets make us
less immoral
now why is this important because the libertarians would have you believe
that the marketplace
will self-regulate that the marketplace uh... that people will pay a price if
they're
immoral or they take advantage of other people or they sell bad products now
this of course presumes some type of symmetry of information which we know it
does not exist
five take my water to a private testing company that
is not in any way where you lay did uh... by the e_p_a_ or following e_p_a_
standards
and essentially are trying to autorads
expres fact
and maybe thirty years down the road
before i find out that i've gotten cancer
because of the crap that was in this water
and i may not even be able to attribute it
to my water
there's plenty of examples but that's the first one that comes to mind
so in this uh...
experiment
german researchers took a first group
three groups
first were presented uh... the first group was present with two options
receive thirteen box
for accepting the death of a lab mouse
or
forgo the money
and save the mouse is life
forty six percent said they would accept the mouths is death
an exchange
for that thirteen dollars
forty six percent
so
some people
have no problem with the death of a mouse for for a couple box
i'm not judging
that's not the point of this study
there was a second group of people
who participated in a bilateral market scenario
just two people
one buyer one seller interacted directly with each other the seller was given a
mouse and told the life of the mouse is intrested into your care
but you could sell it to the buyer
for
it price as far a instant you know about fifteen dollars
and the buyer got to keep the difference
between the thirteen in the fifties
i'm sorry twenty six dollars and so the uh... bar got to keep the difference we
twenty six in thirteen dollars
if they decided not to make a deal
neither person got any money and the mouse was allied allowed to live
in that group
seventy two percent of sellers were willing to kill the mouse for the money
for the same thirteen dollars
suman nicky gatt the highest price possible
you had thirty two percent more people
with thirty percent more people more or less
willing to kill the mouse
they had a third group which is a multilateral market
seven buyers nine sellers they could trade amongst themselves
and seventy six percent again
decided
they'd kill the mouse for thirteen bucks
in a market place it was found people on average value of the mouse is life less
than they did one individually axed
missus evidence say the research is that market interaction lowers moral values
as compared to individual actions
if you perceive killing the mouse has to be
someone immoral for you did for you to just get a couple box
the experiments were run again in this time instead of killing the mouse it was
just coupons
you would lose a coupon instead of the mouse being killed
sanded coupons were basically valueless
with a non living subject market sellers gave up the coupons about as often
as participants
acting individually
you follow that
with a non living subject market sellers gave up the coupons about as often as
participants acting individually in other words there was no difference
between
when it was just
someone asked directly to give up your coupon for thirteen bucks
someone in a market would to people give up your coupon for thirteen bucks
there was no seventy six to forty six percent disparity
which shows that
when an individual is faced with this question of giving up the mouse for
thirteen bucks
they're less
comfortable doing so
they feel some more
uh...
moral compulsion
to basically give up the cash and allow the mouse to live
factors have a couple questions as they uh... they have couple ideas they have
no proof as to why this is the case
but they suspect
that when you were at interacting in a market whether it's with one other
person or multiple people
uydess first
responsibility
it's not just me kill not mouse this guy's willingly participating in it too
so it can't be that bad
it's what we know about corporations
very explicitly
less liable
individuals involved in a corporation
their explicitly last liable
and they certainly have a tendency to do worse things because they're looking
across the table
and the car workers don't tell
that so we put out that uh... ford pinto
with the exploding reader
everybody around here seems that no problem not to have a problem with that
so it's uh... justin intersting application of market forces
and why we need regulation on markets
the my snow
about the consistently in