M.M. What’s the next step now in your research? Do you intend to go
further?
G.C.
Definitely
more
research because this
was an initial step. At
this point we were interested in understanding
what really is the role of
money in society from
a behavioral perspective and it revealed to
us that the behavioral
role is very strong. It
is even if you can organize society in such a
way that everybody has
the maximum pay-off.
Society cannot do it but
money can help you
improve, it certainly
manages it in the societies at large.
Now we are looking at
other issues, in particular leading to the endogenous emergence of
the systems, how they
emerge, and liquidity
problems. In the experiment, the main reason
why the monetary system that emerged was
not a hundred percent
40
successful in creating
supporting cooperation
is because sometimes
those that needed help
could not buy it. That’s
what we call these days
a liquidity shortage. So
we’re looking into issues
of this type, whether
liquidity shortages can
or cannot create problems for society in terms
of performance.