Economic inequality and risk taking

A series of studies involving 811 people in which the participants’ perceptions of the outcome inequalities of gambling games were manipulated found that the riskiness of participants’ bets was higher in high-inequality situations compared with low-inequality situations; further analysis of internet search data found that economic risk-taking behavior in daily life as indicated by search histories was positively linked with income inequality across US states, suggesting that inequality may promote negative outcomes, partly by increasing risky behavior. - Read at PNAS

Article #16-16453: “Economic inequality increases risk taking,” by B. Keith Payne, Jazmin Brown-Iannuzzi, and Jason Hannay.