last place aversion

ecco spiegati molti tycoon eletti in politica!


last place aversion

Our recent research — with our graduate students Ryan Buell and Taly Reich — suggests a third possibility: that poor Americans’ antipathy toward redistribution might be due not to their desire to one day be at the top of the income distribution, but to their fear of falling to the bottom. We show that humans have a deep psychological aversion to being in “last place” — recall the shame of being picked last in gym class — such that individuals near the bottom of the income distribution may be wary of redistribution because it could help those just below them leapfrog above them.