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Altruism basically means you are working for favors instead of money. However, people are much more likely to default on favors owed to you because it is harder
by xwdv 5y ago
Altruism basically means you are working for favors instead of money. However, people are much more likely to default on favors owed to you because it is harder to compare the value of one favor to another, and this creates opportunity to return a favor that is worth less than the one you were given.
- BuyMyBitcoins 5y ago>” However, people are much more likely to default on favors owed to you” I’ve never thought about it this way before, and it’s a pretty profound quote.
- WalterBright 5y agoThe weird thing about reciprocity (exchanging favors) is the value of the favor is rarely considered. For example, the exchange of pizza for help in moving. Of course, if you're too cheap over too long a period, people may stop doing favors for you.