Answered: In the famous example of Gneezy and…

Ciccarelli: Psychology_5 (5th Edition)

5th Edition

ISBN:9780134477961

Author:Saundra K. Ciccarelli, J. Noland White

Publisher:Saundra K. Ciccarelli, J. Noland White

Chapter1: The Science Of Psychology

Section: Chapter Questions

Problem 1TY

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Question

In the famous example of Gneezy and Rustichini's paper, A Fine is a Price, how might we best explain the change in behaviour which resulted from monetising the cost to parents of late pick-ups at a nursery?

A)The monetary price eroded the parents' respect for the people providing child care, turning late pickup into the purchase of an additional (optional) service.

B)All three of the other statements are valid, with parents behaviour changing permanently as a result of the late pickup fees, indicating that their understanding of their relationship with the service provider had changed.

C)The monetary price was set to a low enough level that parents were willing to pay it.

D)The monetary price 'crowded out' pro-social behaviour by providing parents with an alternative to punctuality.

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