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.

How did the perception of entitlement differ between rich and poor participants in the experiments?

What impact does economic inequality have on social behavior according to the studies mentioned?

What insights can be drawn about generosity and its effects on well-being from the text?