A blog by Prof. Dante Pirouz, a consumer behavior researcher at the Ivey Business School - University of Western Ontario, who specializes in understanding why our brain and body drive us to consume what we do and what we consumers can do about it.
Saturday, May 3, 2008
Culture and Money: Solomon Islands
One of my research interests is how culture impacts financial decision making. Culture has a strong influence on how money is used and valued. A recent Wall Street Journal article (4/30/08, pg. A1) detailed how Solomon Islanders are returning to a traditional currency, the teeth of the spinner dolphin. The price for 1 dolphin tooth has gone up 300% and is now worth about $.26 U.S. It takes about 1000 teeth to be able to afford a bride which as a feminist I think is a nice turn on the dowery families in other cultures have to pay to have their daughters marry but I'm not quite sure if I'm 100% on it.
Labels:
culture,
money,
Solomon Islands
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