morals and markets

Question 1

whats been stated about markets and moral

Answer 1

markets tend to erode moral standards

Question 2

How markets erode moral standards

Answer 2

1. shared responsibility: multiple parties feel guilt so less personal
2. social norms: observing what others do to justify your decision
3. framing and focus: focused on competition, negotiation and profit so attention will shift away from actual choice

Question 3

who affect moral values

Answer 3

others

Question 4

who affect neutral values

Answer 4

yourself

Question 5

what is said about moral and neutral values and the mouse and coupon situation

Answer 5

mouse: moral (affects others too)
coupon: neutral (only affects yourself

Question 6

what are the 3 concerns raised about the experiments?

Answer 6

1. money difference: 20 shared by two people instead of 10 people for your self may seem like a lower reward
2. people directly thought they were killing the mouse so the moral weight felt stronger
3. killing the mouse might have felt like a side effect of trading rather than a direct action.