In reviewing the lecture notes from this week and reflecting on class discussion regarding the U.S.’s general preference for diversity in gender, race, sexual orientation, but not belief, one wonders whether it’s possible the endowment effect could play some significant role in facilitating this in-group favoritism.
To be specific: when two ideas of equal value exist and a person comes into possession of one of those beliefs, either by chance or some other process of random selection, the person will be inclined to value the belief he or she possesses above the equally-valuable but non-possessed belief. And, further, that he or she will value others who also possess that belief above those who do not. This is the endowment effect in in-group …show more content…
How much more, then, for core tenets of a central system of belief?
To take this to its logical extreme and broaden application of the example given in class, one might wonder whether liberal, Western school of thought engenders a common sense of cultural identity in those who share its values and inclines them to agree with those expressing similar thoughts and disagree with those expressing dissimilar thoughts. And one might also wonder whether if those who hold these current beliefs were to have been raised in a different culture, whether they would still have come to hold those beliefs of their own volition.
The example given in class was that those raised in Western cultures are inclined to believe that democracy is the best system of government and that this simply is not true but rather a matter of cultural preference. I would posit that this is because those born into that culture and buy into its beliefs come to view these beliefs as their own possession and therefore value them more highly than the beliefs of other …show more content…
While ample (although, arguably still inadequate) programs exist for promoting diversity of gender, race, and sexual orientation in corporate recruiting, very little if any thought is given to promoting differences in culture or belief arising from differences in socioeconomic backgrounds. In fact, one might argue that the current “fit” practices are in place, if not designed, to ensure active exclusion of candidates with this form of diverse
To be specific: when two ideas of equal value exist and a person comes into possession of one of those beliefs, either by chance or some other process of random selection, the person will be inclined to value the belief he or she possesses above the equally-valuable but non-possessed belief. And, further, that he or she will value others who also possess that belief above those who do not. This is the endowment effect in in-group …show more content…
How much more, then, for core tenets of a central system of belief?
To take this to its logical extreme and broaden application of the example given in class, one might wonder whether liberal, Western school of thought engenders a common sense of cultural identity in those who share its values and inclines them to agree with those expressing similar thoughts and disagree with those expressing dissimilar thoughts. And one might also wonder whether if those who hold these current beliefs were to have been raised in a different culture, whether they would still have come to hold those beliefs of their own volition.
The example given in class was that those raised in Western cultures are inclined to believe that democracy is the best system of government and that this simply is not true but rather a matter of cultural preference. I would posit that this is because those born into that culture and buy into its beliefs come to view these beliefs as their own possession and therefore value them more highly than the beliefs of other …show more content…
While ample (although, arguably still inadequate) programs exist for promoting diversity of gender, race, and sexual orientation in corporate recruiting, very little if any thought is given to promoting differences in culture or belief arising from differences in socioeconomic backgrounds. In fact, one might argue that the current “fit” practices are in place, if not designed, to ensure active exclusion of candidates with this form of diverse