Rich People Aren't Entirely Awful And Selfish: Study

Tuesday, April 23, 2013 - 14:41 in Psychology & Sociology

Money Man 401(K) 2013 via FlickrBusiness majors who admitted they'd jump at the chance to take a $2 million insider trading tip still were willing to stop and help a victim in need. Investment bankers raking in the dough on Wall Street may get a bad rap for being selfish, but a desire to make boatloads of money won't automatically turn you into Scrooge McDuck, according to new research. A study published in the April issue of the Journal of Applied Social Psychology found that many people primarily driven by a desire for wealth are still willing to help someone in need. Previous research has shown the people are more likely to help others if they aren't in a hurry, and might be less likely to help others if they love money. Yet in a recent experiment with a group of 50 wealth-driven college students in an intro economics...

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