Applying Market Norms to Social Exchanges cause Irreparable damage

We should refrain from applying market norms to social exchanges since they can lead to irreparable damage. Dan Ariely illustrates this in a very crisp manner in his book Predictably Irrational that shows why we should be careful with social exchanges and not bring money into the equation.

Illustrated below is the reason why we should refrain from applying market rulesto social interactions.

Doing this can thus cause irreparable damage to social relationships.

To read another such insight from the book Predictably Irrational please read:

https://viewpointsunplugged.com/biggest-difference-between-standard-and-behavioral-economics/

To know more about Dan Ariely read the link below:

https://en.wikipedia.org/wiki/Dan_Ariely