6 studies on how money affects the mind

Originally posted on TED Blog:

Paul Piff

Paul Piff shares some of his research on the science of greed at TEDxMarin.

How does being rich affect the way we behave? In today’s talk, social psychologist Paul Piff provides a convincing case for the answer: not well.

[ted_talkteaser id=1897]“As a person’s levels of wealth increase, their feelings of compassion and empathy go down, and their feelings of entitlement, of deservingness, and their ideology of self-interest increases,” he says in his talk from TEDxMarin. Through surveys and studies, Piff and his colleagues have found that wealthier individuals are more likely to moralize greed and self-interest as favorable, less likely to be prosocial, and more likely to cheat and break laws if it behooves them.

The swath of evidence Piff has accumulated isn’t meant to incriminate wealthy people. “We all, in our day-to-day, minute-by-minute lives, struggle with these competing motivations of when or if to put our own interests…

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