Rational economics doesn’t always govern how we make decisions about our money in the real world. As part of our series Brain Drain with Marketplace’s Wealth and Poverty desk, we’re exploring the ways in which our minds are rigged to cost us money.
The sixth topic of our series: how wealth influence social behavior.
Wealthier people are more likely to cheat to win a prize, or lie during negotiations. Poorer people are more helpful, generous and trusting of others. Paul Piff, a social psychologist at the University of California Irvine, has conducted dozens of studies about how economic class influences behavior and personality. Now, he’s piloting a new study looking at how college students respond to inequality.
Click the media player above to hear more.
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?