Respect currency

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Scope

What are the properties of a currency that reflects the production, transformation, and accumulation of respect in a social human system, and fulfil the properties defined in the respect theory?

Definition

Data

The respect currency should have the following properties (copied from Respect theory):

It should show the respect of the giver about an act of the receiver.
Once given, it should gradually diminish in time, so that the respect should be gained constantly.
It should be tradable to some material benefits, such as traditional money.
Highly respected people should be able to show more respect (i.e., their respect is valued more by the society).
There should be some kind of accounting, so that the acts worth respect are documented (i.e. it should be difficult to create fake respect by e.g. two people falsely respecting each other more and more and thus accumulating respect currency).
A person doing respectful deeds full-time should be able to live with the respect currency he/she receives and trades for traditional money.

The respect currency should have the following properties:

⇤--0: . How is this respect currency actually any different from traditional money? --Juha Villman 11:15, 25 November 2009 (UTC) (type: truth; paradigms: science: attack)

⇤--5: . The point is not that respect currency has similar properties to money. The point is that it has some properties that money does not and cannot have. The major difference is that money measures scarce things, where someone's negotiating power sets prices of goods to high enough a level where people are interested in transactions. Respect currency works in situations where there is no scarcity (e.g. public information), so nobody has negotiating power, and the money price is zero. Respect currency works because it is free to give away but valuable to receive. --Jouni 22:10, 25 November 2009 (UTC) (type: truth; paradigms: science: attack)

----#: . Money applies to material goods. Respect currency applies to immaterial goods. --Alexandra Kuhn 11:45, 1 December 2009 (UTC) (type: truth; paradigms: science: comment)⇤--#: . A starving person living on the streets can earn a high respect due to his streetwise knowledge, but can still be hungry because he is unemployed. How would this make a person any better? --Tif 13:00, 11 December 2009 (UTC) (type: truth; paradigms: science: attack)

It should show the respect of the giver about an act (or the property) of the receiver. ----1: . Traditional money already have this property --Juha Villman 11:15, 25 November 2009 (UTC) (type: truth; paradigms: science: comment) ⇤--#: . If I pay you a euro for an apple I do so because I receive the good, not because I pay you respect. --Alexandra Kuhn 11:46, 1 December 2009 (UTC) (type: truth; paradigms: science: attack)
Once given, it should gradually diminish in time, so that the respect should be gained constantly. ----2: . Traditional money already have this property (See time value of money) --Juha Villman 11:15, 25 November 2009 (UTC) (type: truth; paradigms: science: comment)⇤--#: . discounting factor can cover this as well --Tif 13:00, 11 December 2009 (UTC) (type: truth; paradigms: science: attack)
It should be tradable to some material benefits, such as traditional money. ----#: . Can you say why? --Alexandra Kuhn 11:50, 1 December 2009 (UTC) (type: truth; paradigms: science: comment)
Highly respected people should be able to show more respect (i.e., their respect is valued more by the society). ⇤--#: . Depends. I once saw a karate sensei who was respected by everyone just because he was sensei. He and they argued because he put effort in being so good in karate means that he has earned the respect. (Same could apply to factory owners, football and media stars, presidents.) But in reality people should be respected because of their properties and deeds (e.g. being polite, not being arrogant). So even if people are highly respected they sometimes shouldn't be and thus the value of their respect to others should not be valued more. --Alexandra Kuhn 11:50, 1 December 2009 (UTC) (type: truth; paradigms: science: attack)⇤--#: . About 2 centuries ago, some tribes were using the respect system to determine the destiny's of the whole tribe. The elderly was most respected and thus possessed the power over everyone. Are we going back to that path? --Tif 13:00, 11 December 2009 (UTC) (type: truth; paradigms: science: attack)
There should be some kind of accounting, so that the acts worth respect are documented (i.e. it should be difficult to create fake respect by e.g. two people falsely respecting each other more and more and thus accumulating respect currency). ----3: . Traditional money already have this property --Juha Villman 11:15, 25 November 2009 (UTC) (type: truth; paradigms: science: comment)
A person doing respectful deeds full-time should be able to live with the respect currency he/she receives and trades for traditional money. ----4: . Traditional money already have this property --Juha Villman 11:15, 25 November 2009 (UTC) (type: truth; paradigms: science: comment) ⇤--#: . Not if you are doing it for free voluntarily. --Alexandra Kuhn 11:52, 1 December 2009 (UTC) (type: truth; paradigms: science: attack)

Dependencies

Respect theory

Result

The respect currency is called onor in this presentation (from Latin honor). Onor can be implemented using the following rules:

Onors can be stored in bank accounts and managed by accredited banks just like money.
Each individual in a society is given basic respect, a small amount of onors every month, based on their value as human beings. This forms the basis for respect capital.
The respect capital produces interest according to an interest rate.
The interest can be given to another individual or group in the society, based on how respectful the owner of the account considers these individuals.
The respect interest that is given by others is added to the capital of the recipient.
The respect interest coming from the own respect cannot be added to the own capital.
The respect capital, and also the respect interest that is not given away, diminishes in time according to a discount rate. Therefore, if an individual does not receive respect from others, his/her capital reduces until there is nothing but the basic respect as human being. In a health society, the interest rate is higher than the discount rate.
Respect capital, but not respect interest, can be traded to money using an exchange rate.
Groups can possess respect as entities, if they are legal entities (juridical persons). Also, a group can represent a set of identifiable individuals; in this case, the respect is directly distributed equally to its members. For example, if someone wants to respect the work done by single mothers, he/she can give respect to the group that represents single mothers. The group is just a technical way to distribute respect, and the group itself gets no respect in this transaction.
The magnitudes of basic respect, interest rate, and discount rate are culturally determined, and free market is used to find out the actual values.
Different cultures have different respect currencies and respect markets, because the issues respected, basic respect, interest rate, and discount rate can vary substantially from one culture to another.
Different respect currencies can be exchanged based on exchange rates that are determined on the market.

Mathematical expression of respect

The intrinsic respect can be calculated based on the individual respect explicated by the respectors. The instrumental respect (see later) can be calculated based on the intrinsic respect.

⇤--1: . This formula should be rethought based on the new structure of respect: feeling, topic, expression, and response. and the interplay of two respect atoms. --Jouni 18:22, 22 February 2010 (UTC) (type: truth; paradigms: science: attack)

R_s(i:k|l) = Σ_j ((R'(j:k|l) / (Σ_k |R'(j:k|l)|)) * R'(i:j|l), where

R = R₀ e^{-r(i|l) t}, and

R = aggregate measure of respect.
R' = explicated individual measure of respect.
R_s = intrinsic respect.
R_d = instrumental respect.
i = subject, an individual who observes respect ("I").
j = respector, an individual who gives respect ("you").
k = topic of respect.
R'(i:k|l) = "i gives R amount of respect to k, given conditions l". Alternative expression: R'_i,k,l.
R(i:k|l) = "i perceives that R amount of total respect is given to k, given conditions l".
R₀ = amount of respect at the time when it is given.
r = (annual) discount rate; specifically r(i|l) = R(i:r|l). 
   ----1: . Is it possible to have respect distributions? --Jouni 08:35, 30 November 2009 (UTC) (type: truth; paradigms: science: comment)
t = time since the explication of a respect (in years).
l = conditions in which the amount of respect is applicable (e.g. respect may be very different under war or peace).

It should be noted that j is an index of all relevant respectors. This includes i, who is also the subject as well as a respector. Therefore, it is important to distinguish between the explicated individual respect that the subject i oneself gives to k irrespective of other respectors, and the aggregated respect that the subject i perceives that the topic k has in the group j of respectors. To clarify this, R' denotes the explicated individual respect, and R denotes the aggregated respect.

⇤--2: . The formula falsely assumes that the respect of an object by a respector is a fraction of the total respects given by the respector. Therefore, the amount of respect of all previous respects diminish when the respector shows respect towards new objects. Instead, the amount of respect that is perceived by the subject depends on the concordance of the respectors' respects and those of the subject. If they are well in align with other things, the weight of a new respect by the respector grows in the eyes of the subject; if not, the opposite happens. --Jouni 18:22, 22 February 2010 (UTC) (type: truth; paradigms: science: attack)

The instrumental respect (or extrinsic respect) is respect that can be derived from intrinsic, explicated respect. For example, respectors can give respect to a particular article or other information object. This respect can be further distributed to the contributors of the object based on how much each one has contributed.

----2: . Is it so that instrumental respect cannot be explicated, but it is always derived? If so, the derivation functions must be applicable to all relevant situations. --Jouni 07:35, 1 December 2009 (UTC) (type: truth; paradigms: science: comment)

R_d(i:j|l) = Σ_k R(i:k|l) RF(k:j), where

RF(k:j) = respect fraction of topic k divided to j contributors.

The j contributors mutually agree on (or use pragma-dialectics to resolve the dispute about) their fractions in such a way that

Σ_j RF(k:j) = 1 for all k.

In addition to derive respect to contributors (people), instrumental respect can be derived in a causal diagram to variables. This way, it is possible to start from valuable (or respected) outcome variables and distribute the respect to other variables, and ultimately, to people whose contributions improve the variable content and thus the assessment as a whole. There is some kind of connection between respect and value of information, but it not yet clear what that connection is.

The intrinsic respect can be written as R_s ("respect of self"), and the instrumental (or extrinsic) respect can be written as R_d ("respect of deeds"). The total respect R_tot is

R_tot = R_s + R_d.

Application

The first practical application of this mathematical expression is to estimate social respect. Society is thought as "I", with a few additional requirements:

The society must be coherent in its respect valuations; this is not required from individuals.
Because R' is an expression of valuations of an individual, the society cannot have intrinsic respect R'.
Instead, R' of the society should be seen as an R aggregated from several individuals' R and/or R'. The mathematics of this may become complex. I do not yet understand what this means, but additional requirements may be needed because of this.

References