The psychology of money
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We've heard the sayings: "Money talks." "Money changes everything." Even, "money makes the world go round." It's been said many ways over the years, but new research from the University of Minnesota appears to prove that money -- and even the concept of money -- influences our behavior and interactions with others. For example, in one experiment, people deliberately exposed to the concept of money -- even via a simple word puzzle -- were shown to be less helpful to a person in need.
The research appears in the November 17 issue of the journal, "Science".
All Things Considered host Tom Crann talks about the research with Kathleen Vohs, an assistant professor at the Carlson School of Management at the U, who conducted this research.
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