Cultural Norms Definition

Being a participant of this game in class and reading this article has led me to raise a few thoughts and inquires, particularly about “social institutions and cultural norms” (75), being assigned a “day or two’s wages” (74), and the “emotional responses” (77) that possibly affected the decisions of participants.
First, it is evident that social institutions and cultural norms affected the outcome of this experiment, which solidifies the purpose of this research project. However, I would raise the question about the education of participants and the effect that would have on this game. Would the knowledge learned from schooling assist an individual to know that it would be of benefit to take any offer? Maybe. But I would argue that almost every student at MIT would take an offer of 10 cents from a dollar. This was even evident when all three students in class that was offered 1 card out of 8 accepted the offer, which is a likely explanation why our classroom results were different from the results of this experiment. …show more content…
Would an individual accept the offer of 30 days of wage out of 365? I would argue: yes. The magnitude of benefit that 30 days of wage can offer a person of simply agreeing to the situation is enormous. Sure, the individual who offered may be unreasonable to give only 8% of his offering to the other. But, the opportunity to obtain the wage of a one month with no labor or effort needed is absolutely beneficial. On the flip side, one can argue that if someone was offered a merely 1 day out of a 365 day wage offer, then emotions may run high and the offer may be