Your memories are given real weight as true

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Your memories are given real weight as true transcripts in court w/ eye witness reports o People can remember things that never actually happened – eye witness testimonies are fallible If you crowdsource answers, the group can identify the correct answer and details o Chance you might have come up with the wrong answer as an individual o Person may not realize some information is important even thought they may be asked to recall it Elizabeth Loftus did experiment called retroactive interference – idea that the way we are asked about a question can actually influence the way it’s remembered o Way a lawyer may cross-examine and questions they use can cause person to remember things differently o People who hear “smashed” estimate cars went faster than people who hear “collided” o Every time we revisit a memory and retrieve it, there’s chance you update it w/ new information With enough suggestion, you can create memories of people that are not true but vivid and probable o Children are very suggestible in regarding their memories Lecture – Money & Social Class Psychology in the News Researchers have studied money by looking at expensiveness of cars and behavior of people in those cars o Studied people driving expensive cars versus cheap cars & looked at their behaviors at crosswalks o People would walk up to edge of road to see if cars would stop or not at the crosswalks People in old cars were much more likely to stop – people in expensive cars often just drove through o People in expensive cars are more likely to hit the horn and yell at the person still crossing a crosswalk 2 possible explanations – (1) Being mean might make you wealthy (2) Being wealthy might make you mean Fairness and Inequality Behavioral economics – how psychology intersect w/ economics o Concepts of (1) equality and (2) fairness develop from a psychological perspective National poll – most people say people would prefer a more equal distribution of wealth than what actually exists o Consistent across different factors that divide people – Republicans vs Democrats, men vs women
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o Most people would prefer that wealthiest Americans own about 1/3 of wealth – consistent w/ class poll o Most people thought wealthiest Americans own 60% of wealth – class thought it was 50% of wealth Wealthiest Americans actually own about 85% of wealth – bottom 2 categories together own less than 1% of wealth o Most people prefer equality or more equality but NOT perfect equality Preference for equality emerges quite early in development o Study w/ babies put in a room w/ experiments who has toys in the room One condition has experimenter dividing toys evenly amongst the baby in the room Another condition has experimenter giving all the toys to one baby in the room o Babies will look longer at the baby that’s unequally distributing toys Babies look at things that surprise them – looking longer indicates it violates their expectations o By about 1 year old, children have developed idea that equality is what is expected from adults
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