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Culture plays a part in feelings of ownership
Hazda people of northern Tanzania are isolated from modern culture and don't show the endowment effect.
That is possible because they live in an egalitarian society where they share almost everything.
15
101 reads
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The endowment effect
The endowment effect is when we value items more highly from the moment we own them.
In a demonstration, students were given a choice between a coffee mug or a Swiss chocolate bar for participating in research. Half chose the coffee mug and the other half the chocolate. The...
15
150 reads
Attachment to family heirlooms
In an experiment, psychologists used an illusion to convince young children they built a copying machine that could replicate anything, such as their favourite toy. Most of the children favoured their original toy and many were horrified with the idea of taking home a copy.
This thi...
13
86 reads
Attachment to things can go too far
Sometimes people have a hoarding disorder - that is, an exaggerated sense of responsibility and protectiveness toward one's belongings.
However, it remains to be seen how the nature of our relationship with our possessions will change with digital technologies.
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85 reads
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Shifting a company's culture
What people truly believe , not always what you say or outwardly show, is what drives a company’s culture.
Changing a company culture is about tapping into the core beliefs of each individual, understanding what their basic underlying assumptions are, and creating an environment where...
Focus on the positive of a company culture
When most companies try to improve their culture, they focus on the negative aspects and try to improve them. Although this may sound reasonable, the opposite approach is more successful.
- Identify a few positive attributes within your culture that are connected directly to t...
Suffering as part of life
We live in an age where many feel that they are entitled to a perfect life. But at some stage, everyone will face a tragedy.
When tough times do come, resilient people seem to recognize that suffering is part of every human life. Understanding this stops you from feeling discriminated agai...
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