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Scenario I
Scenario I is based on and presents data from the following study (reproduced from p.25 of the textbook) :
Piff,P.K. ,Stancato,D.M. ,Côté,S. ,Mendoza-Denton,R. ,& Keltner,D.(2012) .Higher social class predicts increased unethical behavior.PNAS Proceedings of the National Academy of Sciences of the United States of America,109(11) ,4086-4091.doi:10.1073/pnas.1118373109
Piff and colleagues (2012) used naturalistic observation techniques to determine if wealthy people behaved more or less ethically than people who were not wealthy.In one study,observers stood at a busy intersection and recorded the make,model,and year of each approaching car.They also noted if the car cut off other cars or pedestrians at this intersection.
Major findings of Piff et al.(2012) are presented in Figure 1.1.This figure shows the percentage of times vehicles cut off another driver (top panel) or pedestrians (lower panel) as a function of the social status of the vehicles (with more expensive cars ranked higher in social status) .
Figure 1.1
-(Scenario I) A psychologist believes that people in higher and lower social classes learn norms that then affect their behavior in many different settings.One such norm is that people in higher social classes tend to view themselves as more important than others.As such,the psychologist is not surprised that people driving expensive cars are more likely to disregard the rights of others.This _____ psychologist would predict that _____.
Consumption Function
A financial equation that illustrates the correlation between overall consumption and the gross national income.
Aggregate Income
The total income earned by all individuals or entities in an economy, including wages, profits, rents, and investment income, before taxes.
Aggregate Income
The total amount of income generated by all individuals and entities within an economy over a specific time period.
Consumption Function
An economic formula that expresses the relationship between total consumption and gross national income, positing that people increase their consumption as income rises, but not necessarily by the same amount.
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