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Exploring the Psychology of Wealth, 'Pernicious' Effects of Economic Inequality
Key Excerpts from Article on Website of PBS


PBS, June 21, 2013
Posted: July 31st, 2013
http://www.pbs.org/newshour/bb/business/jan-june13/makingsen...

JEFFREY BROWN: Does the amount of wealth you have affect the kind of person you are? NewsHour economics correspondent PAUL SOLMAN: In California, you're supposed to stop for a pedestrian at a crosswalk. And, in a recent study, some 90 percent of drivers did, except for those driving luxury cars. They were almost as likely to run the intersection as wait for the person to cross the street. PAUL PIFF, University of California, Berkeley: Drivers of those BMWs, those Porsches, those Mercedes were anywhere from three to four times more likely to break the law, than drivers of less expensive, low-status cars. WOMAN: Oh, by the way, there's candy there. It's actually for children for another study, but you're welcome to take a few pieces if you want to. [Other] WOMAN: Thank you. PAUL SOLMAN: That's the script an experimenter recited to every subject. And the results? PAUL PIFF: Wealthier participants took two times as much candy from children as did poor participants. PAUL SOLMAN: So, experimental evidence that rich people are more likely to break the law while driving, help themselves to candy meant for children, cheat in a game of chance, also to lie during negotiations and endorse unethical behavior, including stealing at work. The academic paper that resulted made headlines everywhere, the Wall Street Journal article leading with the question, "Ready the Pitchforks?" PAUL SOLMAN: Psychology professor Dacher Keltner is Paul Piff's [co-author]. DACHER KELTNER: We publish these studies in relatively obscure scientific journals, and literally the next day we're getting hundreds of e-mails from around the world, and a lot quite hostile.

Note: Don't miss the fascinating video at the link above, which is also available here. Note that it is not about rich people being unethical, it's about human behavior. People tend to become more unethical the more money they have. For more on income inequality, see the deeply revealing reports from reliable major media sources available here.


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