Socioeconomic status, unpredictability, and different perceptions of the same risk
Chiraag Mittal1, Vladas Griskevicius2
1Mays School of Business,Texas A&M University,College Station,TX 77843.cmittal@tamu.eduhttp://mays.tamu.edu/directory/cmittal/.
Abstract:
In this commentary, we address three questions: (1) How might outcomes be affected by the variation in the level of deprivation, rather than the average level of deprivation? (2) Could there be differences in the subjective perception of the same risk as either intrinsic or extrinsic, depending on people's socioeconomic status (SES)? (3) What other psychological mechanisms might play a role in influencing the psychology and behavior of people from deprived backgrounds?
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