Exploring the Psychology of Wealth, 'Pernicious' Effects of Economic Inequality (June 21, 2013)

The video explores studies by Paul Piff on the behavior of wealthy individuals, showing they are more likely to break laws, take candy meant for children, and cheat in games. The research, conducted at UC Berkeley, faced criticism for perceived bias. Experiments like a rigged Monopoly game reveal how wealth affects behavior, with rich players feeling entitled. The studies highlight the broader effects of economic inequality on society, including health and social behavior, and suggest that wealth can lead to less generosity and more self-centered actions.

What did the study on drivers at crosswalks reveal about those driving luxury cars?

• They are more likely to wait patiently.

• They are less likely to break the law.

• They are more likely to run the intersection.

• They are equally likely to follow the rules.

What was a common reaction to the publication of the research findings?

• Widespread acceptance and praise.

• Hostile emails and accusations of bias.

• Indifference from the public.

• Immediate policy changes.

In the Monopoly experiment, how did participants in the role of the rich player typically feel?

• Indifferent to the game's outcome.

• Grateful for their luck.

• Entitled to their success.

• Sympathetic towards the poor player.

How did the Monopoly experiment simulate wealth among participants?

• By allowing them to choose their roles.

• By giving them real money.

• By assigning them different roles with advantages.

• By making them play multiple games.

What effect does making wealthy individuals feel less affluent have on their behavior?

• It makes them more competitive.

• It increases their generosity.

• It decreases their empathy.

• It has no effect.

What is one of the surprising findings about the effects of wealth on individuals?

• Wealth always leads to happiness.

• Wealth guarantees better health.

• Even the wealthy can suffer from inequality.

• Wealth has no impact on behavior.

What is a potential benefit of being generous and altruistic, according to the research?

• Longer life and fulfillment.

• Increased wealth.

• Higher social status.

• Immediate financial gain.