The Impact of Trust and Deadlines on Modern Society

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Hatched by Glasp

Aug 27, 2023

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The Impact of Trust and Deadlines on Modern Society

In today's fast-paced world, two key factors have emerged as significant game-changers: trust and deadlines. Both Airbnb and the internet revolution, as well as the recent research on avoiding procrastination, shed light on the profound impact these elements have on our society. In this article, we will explore how trust and deadlines have shaped our communities, influenced our behaviors, and transformed various industries.

The commoditization of trust is a concept that has disrupted the hotel industry, with Airbnb leading the way. Trust has always been a crucial aspect of the hospitality business, as both travelers and hosts prioritize it above all else. However, the rise of Airbnb has neutralized the trust advantage hotels once enjoyed. By building a platform of trust, Airbnb has enabled homestays to compete on new vectors such as convenience, cost, and environmental factors.

This shift from traditional hotels to homestays signifies a broader change in our society. The mechanization and industrial revolution of the last century led to mass-produced and impersonal travel experiences, eroding feelings of trust and belonging. As a result, we lost something essential about what it means to be a community. Airbnb's success and the wider sharing economy demonstrate that we crave meaningful connections and a sense of belonging, which can be achieved through trust-based platforms.

Another fascinating aspect of the sharing economy is the systematization and commodification of trust. Platforms like eBay pioneered this mechanic, but the advent of mobile technology made it exponentially more powerful. With the ability to access the internet and location data on the go, we now have apps that can turn every house in every city into a potential place to stay. This transformation signifies a shift in society's infrastructure, as the sharing economy reduces the need for certain sectors, such as hotels, which primarily differentiate themselves based on trust.

Moving beyond trust, let's delve into the realm of deadlines and their impact on productivity and procrastination. Researchers have discovered that setting deadlines can significantly influence our behavior. Surprisingly, no deadline or a short deadline is often more effective in motivating individuals than a longer deadline. When no deadline is specified, the urgency to act is heightened, resulting in a larger number of early responses. On the other hand, a longer deadline can inadvertently give people permission to procrastinate, leading to a decrease in prompt responses.

The study also found that individuals may forget to complete a task if they are inattentive, particularly when given a longer deadline. This highlights the importance of setting realistic and achievable deadlines to maintain productivity and ensure timely completion of tasks.

In light of these findings, here are three actionable pieces of advice:

  • 1. Embrace trust-based platforms: Consider exploring alternative accommodation options like Airbnb to experience the sense of belonging and connection that traditional hotels may lack. By supporting trust-based platforms, you contribute to the growth of a global community that values meaningful interactions.
  • 2. Set shorter deadlines: When assigning tasks or requesting assistance, opt for shorter deadlines whenever possible. This sense of urgency helps motivate individuals and reduces the likelihood of procrastination, ensuring timely completion of projects.
  • 3. Foster a culture of trust: In your personal and professional relationships, prioritize trust. Encourage open communication, transparency, and reliability to build a strong foundation of trust. By doing so, you contribute to the creation of a society that values trust and belonging.

In conclusion, the commoditization of trust and the understanding of deadlines have transformed various aspects of our society. Whether it is the rise of trust-based platforms like Airbnb or the impact of deadlines on productivity, these factors shape our behaviors, preferences, and interactions. By recognizing the significance of trust and setting realistic deadlines, we can foster a more connected, productive, and fulfilling world.

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