Social Question

RedDeerGuy1's avatar

What are some different social economic ideas?

Asked by RedDeerGuy1 (24657points) 2 months ago

Like everyone’s savings resets at the end of the year to zero?

Or another type of economic system other than capitalism?

Humor and serious answers welcome.

Please add any different ideas. Also any results of social experiments?

Like U.B.I (Universal Basic Income)

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1 Answer

seawulf575's avatar

I did a search and got an AI generated answer:

“Social experiments with economics have been a crucial tool in understanding human behavior and decision-making in various economic contexts. These experiments have been conducted to study a wide range of topics, including social preferences, fairness, cooperation, and incentives. Here are some examples of notable social experiments with economics:

Ultimatum Game: This experiment studies how people respond to unfair offers in a game where one player proposes a division of a sum of money, and the other player can either accept or reject the offer. Results have shown that people are willing to sacrifice monetary rewards to punish others for unfair behavior.
Dictator Game: In this experiment, one player is given a sum of money and is asked to divide it between themselves and another player. The results have shown that people tend to be generous and give away a significant portion of the money, even when they don’t have to.
Trust Game: This experiment studies how people respond to trust and reciprocity in economic interactions. Players are given a sum of money and are asked to decide how much to invest in a partner, who can then choose to return some or all of the investment. Results have shown that people tend to trust others and reciprocate kindness.
Public Goods Game: This experiment studies how people contribute to a public good, such as a shared resource. Results have shown that people tend to free-ride and not contribute as much as they would if they were the only ones contributing.
Labor Market Experiments: Large-scale social experiments have been conducted to study the effects of job training, incentives, and taxation on labor supply and job search behavior. These experiments have provided valuable insights into the effectiveness of different policies and programs.
These social experiments have been conducted in various settings, including universities, research institutions, and online platforms. They have been used to study a wide range of economic phenomena, from individual decision-making to large-scale economic systems. The results of these experiments have important implications for policy-making and have helped to shape our understanding of human behavior in economic contexts.

I’m not sure how representative these results were since it looks like they relied heavily on testing done at universities and the like. The testing was likely done more heavily on younger people that didn’t have a lot of skin in the game. They aren’t supporting their own families for the most part so the demands of economic factors doesn’t hit them as hard.

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