Friday, August 22, 2003
This article from "The Economist" contains the following fascinating quote:
- "In one striking example, students at Harvard University were asked whether they would prefer (a) $50,000 a year while others got half that or (b) $100,000 a year while others got twice as much. A majority chose (a). They were happy with less, as long as they were better off than others.
Another question to ask is whether this is "nature" or "nurture". If we had all grown up in an economy where everyone is economically equal for the most part (no grinding poverty, and no stratospheric wealth), would Harvard students think differently about this?
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