Social Versus Financial Thinking - When Money Makes People Lazy and Selfish
Studies show that people inhabit two separate worlds - the social and the financial - and depending on which one is activated, their thoughts and behaviour can change dramatically.
This chasm between our social and financial worlds has been explored in two recent studies that uncover fascinating ways in which money affects our thoughts and behaviour. In the first, participants were subjected to one of social scientists' favourite ruses: the apparently pointless task. They were simply asked to drag a circle across a computer screen as many times as they could in five minutes (Heyman & Ariely, 2004).