Honesty is the new policy

Szabo Gabor By Szabo Gabor, 11th Feb 2011 | Follow this author | RSS Feed | Short URL http://nut.bz/6n9jx89u/
Posted in Wikinut>News>Business

Have you heard about “honesty boxes” in the UK? How honest you are? Do you think it would works in your country? Read this interesting article.

The idea

Newsagents in train stations and other busy areas have a problem. How do you take small amounts of money (e.g. for newspapers) from a lot of people, but avoid long queues? WHSmith, a big newsagents in the UK, is trying a new idea. It has introduced 'honesty boxes'. You take the newspaper you want, put the exact money into an honesty box and walk away. Does it work? Well, according to David McRedmond, managing director for WHSmith, customers have been honest. 'We feel this idea is working very well.'

The survey

But before the big stores get too excited they should look at a recent 'honesty survey' done for a well-known TV programme. The programme arranged for a cashpoint to give out an extra ten pounds every time a customer withdrew money. A third of the people were honest and handed the money into the bank. The rest kept it. One man actually went back to the cashpoint twenty times to try and get rich quick!

Small shops and large supermarkets

It seems that people have an attitude of 'They can afford it' towards large banks and companies. In another test, shoppers were given too much change. It was found that in large supermarkets, people usually kept the extra change. However, in small shops, they would give it back.

Tags

Banks, Buy, Cashpoint, Culture, Honest, Honesty, Money, Newsagent, Newspaper, People, Shops, Society, Spend, Supermarkets, Survey

Meet the author

author avatar Szabo Gabor
I like reading, writing and sharing interesting articles. My favourite topics: environment, animals, plants, science, technology, useful tips and mysteries. Now I’m learning natural science at the university.

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Comments

author avatar Denise O
12th Feb 2011 (#)

Very interesting. I do believe honesty is the best policy, for your spirit. I do believe in Karma.
As always, thank you for sharing.:)

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author avatar D in The Darling
13th Feb 2011 (#)

Honesty is a virtue. Firstly, there's a need for behavioral change; people thinking of others instead of always themselves like in "Do others what you would want others do unto you." Self respect!

It should work it's working in other nations though it's not on newspapers.

Thanks for sharing!

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author avatar Rathnashikamani
2nd Mar 2011 (#)

Honesty is the best and evergreen policy, indeed!

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