Pragma Synesi – interesting bits

Compendium of interesting bits I come across, with an occasional IMHO

Time, money and cheating

Interesting experiment shows that being primed with time-related concepts will reduce cheating. From The Economist, Oct 5th 2013:

Time is not money

Thinking about it makes you a better person, not a worse one

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May 18, 2014 Posted by | behaviour, psychology | , , , | Leave a comment

The rich think differently about money

“…The mid­dle class fo­cuses on sav­ing money, he says; the rich fo­cuses on how to earn it. The mid­dle class wor­ries about money; the rich dream about it. The mid­dle class has a “lot­tery men­tal­ity,” be­liev­ing their lives are in­flu­enced by luck or other ex­ter­nal forces; the rich has an “ac­tion men­tal­ity,” where they de­ter­mine their own fu­tures…”

From The Globe and Mail, September 21, 2012:

How the other half thinks

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April 3, 2013 Posted by | anthropology, behaviour, brain | , , , | 2 Comments

The Price of Happiness

After you have a certain amount, having more money doesn’t necessarily make you happier. Having more than your neighbour, on the other hand, does.
From Time magazine, Monday, Sep. 06, 2010:

Do We Need $75,000 a Year to Be Happy?

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November 15, 2010 Posted by | behaviour | , , , | Leave a comment

The value of a coin or banknote depends on its familiarity

It seems money is not just money…

From The Economist:
=======================
Irrational economics
Look and feel

Apr 3rd 2008
From The Economist print edition

The value of a coin or banknote depends on its familiarity

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June 20, 2008 Posted by | behaviour, psychology | , | Leave a comment

For the Brain, Cash Is Good, Status Is Better

Nicely summarized in the title 🙂

From Scientific American:

April 24, 2008

For the Brain, Cash Is Good, Status Is Better

New studies show that money and social values are processed in the same brain region, providing insight into how we make choices

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April 25, 2008 Posted by | behaviour, decision making, evolutionary psychology | , | Leave a comment