Question

Explain what the the Kula Ring exchange system is, and explain what the purpose of it is so that we can understand how this is rational behavior?  

Answer 1

The Kula ring is a ceremony between 18 groups residing in the Massim archipelago that circles around the centre of the Pacific. It includes thousands of people who ride hundreds of miles by canoe often, with the only intention being to trade valuables for Kula. "The valuables traded to the north (circling the ring in a clockwise direction) are red shell-disc necklaces known as" veigun "or" soulava, "while white shell armbands or" mwali "are those traded to the south (circling counterclockwise). If an armband was the opening gift, so a necklace would be the closing gift and vice versa. This is only a foundational explanation of the exchanging of ceremonies, and it influenced thousands of pages of scholarly work. And it is still an enchanting and complex subject,