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A people's culture, norms and habits are important determinants not just of the quality of social life but of economic progress and growth. In this paper we take the view that while the importance of culture is undeniable, the innateness of culture is not. We work here with a single example and demonstrate how a human trait which is widely believed to be cultural is at the same time a matter of choice. The example that we shall work with concerns punctuality. We show that punctuality may be simply an equilibrium response of individuals to what they expect others to do. The same society can get caught in a punctual equilibrium or a non-punctual equilibrium. Keywords: Punctuality, coordination games, culture, norms. JEL Classifications: Z10, C72, D29, O12.
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Punctuality, Mathematical models, Cultural relations, Time perception, TimeShowing 1 featured edition. View all 1 editions?
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Punctuality: a cultural trait as equilibrium
2002, Massachusetts Institute of Technology, Dept. of Economics
in English
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"June 10, 2002."
Includes bibliographical references (p. 17-19).
Abstract in HTML and working paper for download in PDF available via World Wide Web at the Social Science Research Network.
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