Filed under: Wealth
The study was put together by Harvard professor Roy Y.J. Chua and London Business School assistant professor Xi Zou as a step towards understanding how luxury goods effect the human psyche, and as a means of explaining the harmful decisions of wealthy groups like Wall Street executives. In the study people were asked to make a series of decisions designed to pit self-interests against society-interests, and the people who thought about luxury immediately before the test made more selfish and potentially harmful decisions than those who didn't.
The results seem to suggest that businessmen who have meetings at posh resorts surrounded by opulence and luxury will make more profit-driven, self-interested decisions than those who meet in a modest conference room. What do you think, does being surrounded by luxury make a person more likely to think only about themselves?