There was a famous survey conducted about ten years ago by economists Sara Solnick and David Hemenway.
The results revealed that that many Harvard students (and few Harvard staff members) would rather have an income of $50,000 in a world where most people were poorer than an income of $100,000 in a world where most people were richer.
If you were to take the survey, which answer will you choose? I will reveal my answer later.
Saturday, January 31, 2009
Would You Take $50K Or $100K?
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