Psychology & Psychiatry

Why we perceive ourselves as richer than we think we are

Everyday billions of people make countless decisions that have economic implications. Buying new clothes, having dinner at a Japanese restaurant, renting a house: most of our decisions determine how much money we spend or ...

Psychology & Psychiatry

How reciprocity can magnify inequality

People tend to reciprocate others' actions in ways that increase disparities in wealth, according to findings published in Psychological Science, a journal of the Association for Psychological Science.

Psychology & Psychiatry

Why are some children more giving than others?

Parents and educators are acutely aware that children can be both excessively self-oriented and overwhelmingly generous. For every preschooler refusing to share his toy truck, there's an 8-year-old who insists on giving all ...

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