1.17.2008
MONEY MAKES THE WORLD GO NUTS
According to research in a field called behavioral economics (it’s much more interesting than it sounds, really) it turns out the the average person would rather earn $50,000 a year while other people make $25,000 than earn $100,000 a year while other people get $250,000. Basically, we will give up fifty grand a year just so we don’t feel inferior to our colleagues. Check out the strange logic in an article published by the Los Angeles Times called “Why people believe weird things about money.”
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