Greedy bastards:Testing the relationship between wanting more and unethical behavior

Greed is often seen as immoral. Although the assumption that greed elicits unethical behavior is widespread, there is surprisingly little empirical research testing this relationship. We present a series of three studies investigating the association between greed and unethical behavior, using different methodologies and samples from the USA, The Netherlands, and Belgium. Study 1 (3 samples, total N = 3413) reveals that more greedy individuals find a variety of transgressions more acceptable and justifiable as well as indicate that they have more often engaged in a variety of transgressions compared to less greedy individuals. Study 2 (N = 172) replicated these findings in an incentivized behavioral laboratory study where participants decided to accept a bribe or not. Greedy people were more likely to take a bribe and also preferred higher bribes. Study 3 (N = 302) examined a potential process relating greed to unethical behavior. Greedy people were more likely to transgress because they found the positive outcomes associated with the transgression more desirable, and therefore displayed lower self-control. Implications for general theories of greed and morality are discussed

The self and others in the experience of pride

Pride is seen as both a self-conscious emotion as well as a social emotion. These categories are not mutually exclusive, but have brought forth different ideas about pride as either revolving around the self or as revolving around one’s relationship with others. Current measures of pride do not include intrapersonal elements of pride experiences. Social comparisons, which often cause experiences of pride, contain three elements: the self, the relationship between the self and another person, and the other person. From the literature on pride, we distilled three related elements; perceptions and feelings of self-inflation, other-distancing, and other-devaluation. In four studies, we explored whether these elements were present in pride experiences. We did so at an implicit (Experiment 1; N = 218) and explicit level (Experiment 2; N = 125), in an academic setting with in vivo (Experiment 3; N = 203) and imagined pride experiences (Experiment 4; N = 126). The data consistently revealed that the experience of pride is characterised by self-inflation, not by other-distancing nor other-devaluation

The good, bad and ugly of dispositional greed

Greed is the insatiable desire for more. It is an important economic motive with numerous implications for consumer behavior and decision processes. We describe research showcasing the good, the bad and the ugly of dispositional greed. The good of greed refers to the potential advantageous consequences for society as a whole and for greedy people themselves. The bad of greed refers to the potential harm that it causes to others, and the ugliness of greed refers to the disadvantageous consequences of being greedy for the people themselves

Further tests of the scarcity and luxury hypotheses in dispositional greed: Evidence from two large-scale Dutch and American samples

A recent, large-scale study among Chinese adolescents found that childhood socioeconomic status (CSES) was positively related to dispositional greed (i.e., the “luxury hypothesis”), instead of negatively related (i.e., the “scarcity hypothesis”; Liu et al., 2019c). This relationship was found for only-children, not for children with siblings. The generalizability of these findings may be limited, due to China’s one-child policy and socioeconomic policies which may have led to fewer differences in wealth. We replicated this research in two other cultural contexts that represent markedly different socioeconomic policies in order to test its generalizability: the Netherlands (Study 1, N = 2367, 51.3% female, Mage = 54.06, SD = 17.90), and the USA (Study 2, N = 999, 50.1% female, Mage = 33.44, SD = 12.28). Hierarchical multiple regressions were conducted to test the association between CSES and greed. We mostly replicated the findings by Liu et al. (2019c): CSES was positively related to greed in both studies (“luxury hypothesis”) and there was a moderating effect of siblings in Study 1, but not in Study 2. Implications for theories on greed as well as future research on the association between CSES and greed are discussed

LISS panel > Pro-Social and Anti-Social Consequences of Guilt

This questionnaire examines whether parenthood affects the relation between guilt and pro-social behavior

An exploration of third parties’ preference for compensation over punishment:six experimental demonstrations

Research suggests that to restore equity, third parties prefer compensation of a victim over the punishment of a perpetrator. It remains unclear, however, whether this preference for compensation is stable or specific to certain situations. In six exper- imental studies, we find that adjustments in the characteristics of the situation or in the available behavioral options hardly modify the preference of compensation over punishment. This preference for compensation was found even in cases where pun- ishment might refrain a perpetrator from acting unfairly again in the future, and even when punishment has a greater impact in restoring equity than compensation does. Thus, the preference of compensation over punishment appears to be quite robust. Implications and ideas for future research are discussed

The effect of dispositional greed on individual trading behavior in experimental asset markets

Greed has been shown to be an important economic motive. Both the popular press as well as scientific papers have mentioned questionable practices by greedy bankers and investors as one of the root causes of the 2008 global financial crisis. In spite of these suggestions, there is as of yet no substantive empirical evidence for a contribution of greed to individual trading behavior. This paper presents the result of 15 experimental asset markets in which we test the influence of greed on trading behavior. We do not find empirical support for the idea that greedier investors trade fundamentally different from their less greedy counterparts in markets. These findings shed light on the role of greed in trading and the emergence of asset market bubbles in specific, and of the financial crisis in general. Directions for future research are discussed