6 Minute English
The psychology of greed
Jan 18, 2024
This podcast explores the psychology of greed and its effects, including the neurological aspect and a study on the behavior of greedy individuals. It also discusses the illusion of success and the concept of taking credit. Additionally, it examines the influence of financial well-being on empathy and questions the morality of greed.
06:13
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Quick takeaways
- Greed is controlled by the reward center of the brain, leading to unconscious desires for personal gains.
- Feeling financially superior can lead to a sense of superiority and reduced empathy towards others.
Deep dives
The Power of Greed and its Neurological Control
At a neurological level, greed is controlled by the reward center of the brain, leading to unconscious and emotional desires for personal gains. Greedy actions often lack awareness of their impact on others. A study conducted by Professor Paul Piff used the game Monopoly, rigged to give an advantage to a rich player, to investigate how privileged individuals perceive their victories. Interestingly, these players took credit for their wins, disregarding the random chance that predetermined their advantage.
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