Website review: Why people believe weird things ab...
petenicely discovered this in Psychology
•25 reviews since Jan 13, 2008
psychology, economics, money
•latimes.com/news/opinion/la-op-schermer13jan1...
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Reviews of this website
petenicely discovered 6 months ago- From the page: "Why people believe weird things about money"
- Haxwell rated 3 months ago
- Shiftplus said it best.. "If everyone else earned half of what I did the price of goods and services would go down, and therefore I'd be richer, comparatively, to everyone else and have more money to spend on cheaper shit." HELLO?! Bueller? Bueller?
- BiosyntheticLife rated 4 months ago
- Every bit as irrational when it comes to money as we are in most other aspects of our lives. Relative social ranking trumps absolute financial status.
- tapyourheels rated 5 months ago
- From the page: "Would you rather earn $50,000 a year while other people make $25,000, or would you rather earn $100,000 a year while other people get $250,000? Assume for the moment that prices of goods and services will stay the same. Surprisingly -- stunningly, in fact -- research shows that the majority of people select the first option; they would rather make twice as much as others even if that meant earning half as much as they could otherwise have. How irrational is that?"
- Joutilas rated 6 months ago
- From the page: "Would you rather earn $50,000 a year while other people make $25,000, or would you rather earn $100,000 a year while other people get $250,000? Assume for the moment that prices of goods and services will stay the same. Surprisingly -- stunningly, in fact -- research shows that the majority of people select the first option; they would rather make twice as much as others even if that meant earning half as much as they could otherwise have. How irrational is that?"
- focsa rated 6 months ago
- Why people believe weird things about money
- AvangionQ rated 6 months ago
- I'd rather have the $100,000 and have everyone else have $250,000 -- and I'll be glad to see the others around me being happy ... money is only as useful as how much you need to buy all the things you want to own and do, plus what you need to save up for your future and for the needs of your family ... any amount in excess of this is excessive and flaunting the excess, effectively showing off your greed, is one of the reasons for the growing disparity of income between the wealthiest 1% and the rest of the people ... if history is any indicator, excessive greed resulting in economic disparity is a leading cause for revolution ...
- shiftplus rated 6 months ago
- This is fuckin' stupid. If everyone else earned half of what I did the price of goods and services would go down, and therefore I'd be richer, comparatively, to everyone else and have more money to spend on cheaper shit. It's pretty simple to see why people want A over B in the first case. Fuckin' idiots. Learn some economics :)
- ztlane rated 6 months ago
- Surprise, surprise. Most people are fucking stupid.
- sourcerror rated 6 months ago
- "Would you rather earn $50,000 a year while other people make $25,000, or would you rather earn $100,000 a year while other people get $250,000? Assume for the moment that prices of goods and services will stay the same.
Surprisingly -- stunningly, in fact -- research shows that the majority of people select the first option; they would rather make twice as much as others even if that meant earning half as much as they could otherwise have. How irrational is that?"
What is irrational, depends on what our are goals are. Just look at how economist define poverty. Bottom 6 percent of population based on income. What people try to do is avoid poverty. Anyway, if suddenly everybody starts to earn a lot of money it would cause very high inflation. Higher income for everybody is only possible in a higher technical level. But the technical level of society changes very slowly, and doesn't depend on a single invidual's choice.
So the hypotetchical situation is economical nonsense. - "Would you rather earn $50,000 a year while other people make $25,000, or would you rather earn $100,000 a year while other people get $250,000? Assume for the moment that prices of goods and services will stay the same.
- ajanelle rated 6 months ago
- Wow, judging by the response here, I would have to assume the statistics are correct. Not for myself, maybe I was born without the irrational status gene. Hahahaha. Did you guys all answer the questions the way this study says you should? Nobody I've asked did.
