Liars and Cheaters

Do you believe that "Wealthy More Likely To Lie or Cheat: Researchers"?

The “upper class,” as defined by the study, were more likely to break the law while driving, take candy from children, lie in negotiation, cheat to increase their odds of winning a prize and endorse unethical behavior at work, researchers reported today in the Proceedings of the National Academy of Sciences.

Taken together, the experiments suggest at least some wealthier people “perceive greed as positive and beneficial,” probably as a result of education, personal independence and the resources they have to deal with potentially negative consequences, the authors wrote. While the tests measured only “minor infractions,” that factor made the results “even more surprising,” said Paul Piff, a Ph.D. candidate in psychology at the University of California, Berkeley, and a study author.

One experiment invited 195 adults recruited using Craigslist to play a game in which a computer “rolled dice” for a chance to win a $50 gift certificate. The numbers each participant rolled were the same; anyone self reporting a total higher than 12 was lying about their score. Those in wealthier classes were found to be more likely to fib, Piff said.

“A $50 prize is a measly sum to people who make $250,000 a year,” he said in a telephone interview. “So why are they more inclined to cheat? For a person with lower socioeconomic status, that $50 would get you more, and the risks are small.”

Finish the article here: http://www.bloomberg.com/news/2012-02-27/wealthie…

11 Comments
 
ConnorIt depends on what kind of candy. I'd definitely go to jail for a king size.
Especially if its a Twix. Peanut Butter Twix. I kill a Communist for fun. But for a King Size Peanut Butter Twix? I'm gonna carve him up real nice . . .
 
Best Response

WTF. This study is stupid. The "research" wasn't even conducted on "wealthy" people.

Note* - I didnt read the actual study, just what I could find on it. So maybe some of these are answered in there, but still...

1st - They didnt even define what wealthy was

2nd - They set up a researcher on a corner street and looked to see how many people were cut off by a 'nice' car. What is considered a 'nice' car? Cant the researcher be biased and looking for the said 'nice' car and miss the 'ugly' cars? How do you know the person in the car is actually 'wealthy'

3rd - The candy test was conducted using undergraduate students and split them up in 'poor' and 'wealthy'? The fuck? Also, they were also told that they can take candy if they wish.

4th - How different were 'wealthy' from 'poor' people? Did they find 5 wealthy did XYZ while only 3 poor did XYZ. Is their really a difference there?

5th - I would throw any amount of money in that Piff leans to the 'far left' side of the political scale

 

I love the nice car 'study', reminds me of the dumbest personal finances thread.

If I had asked people what they wanted, they would have said faster horses - Henry Ford
 

If my car was one of the 'nice' ones in the study cutting people off it probably wasn't me, but my driver acting a fool. And he's poor. I know because I hardly pay him anything.

By the way, that 'study' is a complete joke.

Regards

"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so." - Ronald Reagan
 

Debitis dolorem in perspiciatis provident aut odit. Sit ut fugit aut perspiciatis illum voluptas laudantium. Molestias magnam mollitia iste ratione sed expedita eos. Officia perspiciatis cum est totam vitae et sit.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (65) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
DrApeman's picture
DrApeman
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”