[p2p-research] Resilience and scale invariance

[marc fawzi]

I thought you were an economist :)

Can you please elaborate further on the relationship people have to money,
from a psychological point of view?


On Sun, Apr 19, 2009 at 2:42 PM, Stan Rhodes <stanleyrhodes at gmail.com>wrote:

> marc,
>
> I'm not sure your realizations are similar, but your engineering
> background is quite different from my psychology background.  Risk
> aversion is well known, and it's very reasonable that people would not
> want to abandon the existing system. I wouldn't say people's varied
> conceptual models for money are any weirder or more disturbing than
> their models for other aspects of life.  Beware of correspondence
> bias.
>
> Unfortunately, alternative / complementary currencies cannot--or at
> least, currently do not--address the issue of inequity, particularly
> of property, but also commons in general, so I think the money
> movements are addressing more of a symptom than the disease.
>
> Crisis often brings change, but it rarely ever brings good change.  In
> crisis mode, people are less rational than usual, and make desperate
> choices, whether behind the counter at McDonald's or behind the desk
> in the Oval Office.
>
> -- Stan
>
> On Sun, Apr 19, 2009 at 12:11 PM, marc fawzi <marc.fawzi at gmail.com> wrote:
> > Hi Stan
> >
> > I've gone through my own similar realization in the course of a peer
> > production experiment I did, which I had written about to this list.
> >
> > Most people have a complex, weird and/or disturbing relationship with
> money
> > which provides a psychological homeostasis which most people are NOT
> willing
> > to abandon for a "psychologically positive" relationship with a kinder,
> > gentler and more resilient type of currency.
> >
> > It will take a major shock to the system (much bigger than the economic
> > shock, IMO) before people start to question their behavior, but we can
> see
> > just a tiny bit of that now, in ourselves and others.
> >
> > It's a soul searching, self-revealing time for a lot of people, and
> that's
> > why it's good to offer people positive alternatives, right now.
> >
> > Marc
> >
> >
> >
> > On Sat, Apr 18, 2009 at 11:49 PM, Stan Rhodes <stanleyrhodes at gmail.com>
> > wrote:
> >>
> >> The alternative currency movement does not necessarily pay that much
> >> attention to economics, and practically no one in any walk of life
> >> pays attention to behavioral economics--its implications are very
> >> counter-intuitive and often undermine established methods of doing
> >> things.  I assume if you're a fan of Taleb then you're also familiar
> >> with Daniel Kahneman, Richard Thaler, et al.  I've mentioned them
> >> before in emails, but I don't think you were part of the list back
> >> then.  I wish I had more time to write about it, but most of the
> >> research is quite accessible.
> >>
> >> I would also strongly recommend reading some of his studies with N
> Mazar:
> >>
> >>
> http://www.rotman.utoronto.ca/facbios/file/Mazar_Dishonesty_forthcomingJMR.pdf
> >>
> >> They not only test people in various scenarios, they then test
> >> people's ability to predict the experimental subjects' performance.
> >> Turns out, we don't do what we think we do.
> >>
> >> If you want to puzzle your mind yet more, consider the explorations
> here:
> >> http://www.edge.org/3rd_culture/thaler_sendhil08/class5.html
> >>
> >> Good luck,
> >> -- Stan
> >>
> >> On Sat, Apr 18, 2009 at 12:44 PM, Ryan Lanham <rlanham1963 at gmail.com>
> >> wrote:
> >> > Interesting goal for sustainable ops...scale invariance...p2p should
> >> > tend to
> >> > optimize for this.
> >> >
> >> >
> >> >
> http://globalguerrillas.typepad.com/globalguerrillas/2009/04/resilient-communities-and-scale-invariance.html
> >> >
> >> > Marc, in your flows concept, does scale matter?  I'm reading Hy Minsky
> >> > now
> >> > on John Maynard Keynes, and he spends a lot of time discussing scale
> in
> >> > various ways.
> >> >
> >> > Also, Dan Ariely, in Predictably Irrrational discusses the fact that
> >> > theft
> >> > is a greater issue in tokens than in cash systmes (2nd to last
> chapter).
> >> > Haven't seen that line developed re: alternative currencies / open
> >> > money.
> >> > He seems to suggest tokens aren't perceived as "real" and therefore
> are
> >> > less
> >> > likely to trigger moral barriers.
> >> >
> >> > Ryan Lanham
> >> >
> >> >
> >> > _______________________________________________
> >> > p2presearch mailing list
> >> > p2presearch at listcultures.org
> >> > http://listcultures.org/mailman/listinfo/p2presearch_listcultures.org
> >> >
> >> >
> >>
> >> _______________________________________________
> >> p2presearch mailing list
> >> p2presearch at listcultures.org
> >> http://listcultures.org/mailman/listinfo/p2presearch_listcultures.org
> >
> >
> >
> > --
> >
> > Marc Fawzi
> > Facebook: http://www.facebook.com/people/Marc-Fawzi/605919256
> > LinkedIn: http://www.linkedin.com/in/marcfawzi
> >
>



-- 

Marc Fawzi
Facebook: http://www.facebook.com/people/Marc-Fawzi/605919256
LinkedIn: http://www.linkedin.com/in/marcfawzi
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://listcultures.org/pipermail/p2presearch_listcultures.org/attachments/20090419/92c9561e/attachment-0001.html>