The rich are different: Unravelling the perceived and self-reported personality profiles of high-net-worth individuals.
Beyond money and possessions, how are the rich different from the general population? Drawing on a unique sample of high-net-worth individuals from Germany (≥1 million Euro in financial assets; N = 130), nationally representative data (N = 22,981), and an additional online panel (N = 690), we provide the first direct investigation of the stereotypically perceived and self-reported personality profiles of high-net-worth individuals. Investigating the broad personality traits of the Big Five and the more specific traits of narcissism and locus of control, we find that stereotypes about wealthy people's personality are accurate albeit somewhat exaggerated and that wealthy people can be charact…
Need for Conclusive Evidence that Positive and Negative Reciprocity are Unrelated
The strong reciprocity model of the evolution of human cooperation (1) postulates that positive and negative reciprocity are associated. Recently in PNAS, Yamagishi et al. (2) reported results that challenged this proposition by showing that the tendency to reject unfair offers in the ultimatum game is not related to various indicators of positive reciprocity in other experimental games. This result was corroborated by a nonsignificant correlation between self-reported positive and negative reciprocity.