Lecture 16 Articles.docx

As a persons level of wealth increases their feelings

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As a person’s level of wealth increases, their feelings of compassion and empathy decrease o Feelings of entitlement, deservingness, and ideology of self-interest increase o Wealthier people are more likely to moralize greed being good & pursuit of self-interest is favorable Many studies have been done to compare behavior of rich and poor people Study was done to see if a rich person or poor person would be more likely to help a member of society o Rich and poor people were brought into lab and given $10 – they could give it or share it w/ a stranger o People who made less money were more likely to give money to the stranger Games have been played to see who is more likely to cheat to increase their chances of winning a prize o One game rigged a computer so that the die rolls over a certain number were impossible o Richer you were, the more likely you were to cheat in the game to earn credits for cash prize Study was done to see if people were inclined to take candy from a jar that was reserved for children o Participants who felt rich took 2x as much candy as participants who felt poor
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Studies have been done to see if drivers of certain cars were more or less inclined to break the law o As expensiveness of a car increased, driver’s tendencies to break the law increased as well They were less likely to stop at a cross walk for pedestrian which is a law in California o None of the cars in the least expensive categories broke the law Wealthier individuals are more likely to lie in negotiations to endorse unethical behavior at work In order to succeed, you sometimes have to put your interests above interests and well-being of people around you o Wealthier you are, more likely you pursue a vision of personal success to the detriment of others o Wealth is increasingly becoming concentrated in hands of select group of individuals o American Dream is increasingly becoming unattainable for increasing
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