Social norms and economic incentives often conflict, shaping behavior in different ways. Understanding this dynamic helps explain actions that seem irrational.
“Economic incentives are more powerful than social norms.”
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Similar ideas to Social Norms Vs Economic Influence
Money is very often the most expensive way to motivate people. Social norms are not only cheaper but often more effective as well.
If corporations started thinking in terms of social norms they would realize that these norms build loyalty and—more important—make people wan...
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