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- Wealth (and the pursuit of it) has been linked with immoral behavior—and not just in movies like The Wolf of Wall Street. Psychologists who study the impact of wealth and inequality on human behavior have found that money can powerfully influence our thoughts and actions in ways that we’re often not aware of, no matter our economic circumstances.
greatergood.berkeley.edu/article/item/how_money_changes_the_way_you_think_and_feel
Feb 8, 2018 · Wealth (and the pursuit of it) has been linked with immoral behavior—and not just in movies like The Wolf of Wall Street. Psychologists who study the impact of wealth and inequality on human behavior have found that money can powerfully influence our thoughts and actions in ways that we’re often not aware of, no matter our economic ...
Sep 1, 2016 · Claudia Hammond investigates. At some time or another you’ve probably found yourself in a bar where the richest person present seems to be the slowest to reach for their wallet when it’s time to...
- Here are seven things you should know about the psychology of money and wealth.
- More money, less empathy? Several studies have shown that wealth may be at odds with empathy and compassion. Research published in the journal Psychological Science also found that people of lower economic status were better at reading others' facial expressions -- an important marker of empathy -- than wealthier people.
- Wealth can cloud moral judgment. It is no surprise in this post-2008 world to learn that wealth may cause a sense of moral entitlement. A UC Berkeley study found that in San Francisco -- where the law requires that cars stop at crosswalks for pedestrians to pass -- drivers of luxury cars were four times less likely than those in less expensive vehicles to stop and allow pedestrians the right of way.
- Wealth has been linked with addiction. While money itself doesn't cause addiction or substance abuse, wealth has been linked with a higher susceptibility to addiction problems.
Apr 4, 2021 · Wealth-related differences in attitudes and behavior are particularly important wherever the rich have an outsize sway over politics and policy.
- Michael Mechanic
May 1, 2024 · And according to a new study, inequality even changes how we think about morality: when inequality is high, people are more accepting of unethical behavior. “Inequality is closely linked to the perception of control,” says Maryam Kouchaki, a professor of management and organizations at Kellogg and a coauthor of the study. “Our study shows ...
Oct 5, 2016 · Moreover, we found that wealthier participants expressed the conviction that greed is moral, and it was their greed-is-good attitudes that gave rise to their unethical behaviour.
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Mar 14, 2023 · The findings overall led to the conclusion that wealthier people are less likely to act generously (and more likely to act selfishly and unethically) when given a chance. Other studies seemed to corroborate this idea.
