ICPS
2019 International Convention of Psychological Science · 2019
Estimations of Changes in Wealth Inequality: Comparisons across Age, Ethnicity, and Nationality
- Clinton Merck
The New School for Social Research - Anne Maass
University of Padua - William Hirst
The New School for Social Research - Shai Davidai
The New School for Social Research - Caterina Suitner
University of Padova - Martino Ongis
New School for Social Research
Abstract
Americans tend to underestimate wealth inequality, but how do individuals estimate changes in wealth inequality over time? A series of experiments were conducted to examine these estimations. Despite underestimation of inequality overall, the results demonstrate that there is a tendency to overestimate increases in inequality when compared to actual trends.
Social Cognition
