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Essay on Social Interaction and Social Stability
ATHK1001 - Analytical Thinking
3 Pages • Essays / Projects • Year: Pre-2021
Zhou and Wu (2011) accentuate fairness as an essential part of social interaction and social stability. Studies of different profitable competitions suggest society requests equality in the distribution of wealth, and are prepared to forgo profitable actions to penalize inequitable conduct (Zhou and Wu, 2011). Outcomes in an experiment conducted by Buchan, Croson, Jognson and Wu (2005, as cited in Zhou and Wu, 2011) articulate that inequality appears greater in losses than in gains. Investigational analyses on the equality of the distribution of wealth regularly inherit the ultimatum game, in which two unidentified players consult on the partition of a particular sum of wealth (Zhou and Wu, 2011).
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