Based on Bicchieri’s social norms theory discussed in ECC 2600, explain whether
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Based on Bicchieri’s social norms theory discussed in ECC 2600, explain whether

1. Based on Bicchieri’s social norms theory discussed in ECC 2600, explain whether each of the following should be considered as social norms?

a) Driving on the left side of the road.

b) Brushing your teeth every day.

c) Paying for groceries after you shop.

Hint
EconomicsSocial norms are shared standards of the acceptable behavior by groups. It could both be informal understandings which governs the behavior of members of a society, along with being codified into rules and laws. Bicchieri has recalled the account of norms, as they exist when a number of individuals prefer to act in a certain way. This is because they expect others to do the same, or/and b...
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