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It’s a big difference in how people relate to the world around us. Some relate to the world as it should be, while others relate to the world as it actually is. Below are three examples of how this could have economic consequences:

1. Salaries.

Those that relate to the world as it should be, expect that the employer should only focus on skills, seniority, etc. when the salary should be determined. Those that relate to the world as it actually is know that other factors also matters. For example, your willingness to ask for higher wages and to remind your employer that you would expect higher wages when the effort is good. This helps to influence the salary you get.

2. Interest on the loan.

Those that relate to the world as it should be, expect that everyone has equal security and equal income to get the same interest rate on housing loan. Those that relate to the world as it actually is know that banks earn money on customers who do not pay attention. It can be smart to pay attention and contact your bank and ask for lower interest rates.

3. The relation between price and quality.

Those that relate to the world as it should be, presupposes that there is a clear relationship between price and quality. Those that relate to the world as it actually is, know that this often is true, but not always.

How do you relate to the world?

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