How predictions of economic behavior are affected by the socio-economic status of the target person
We investigate how the stereotype of the poor (vs. middle class) influences behavioral predictions. In Study 1 participants made predictions regarding another person’s economic behavior in scenarios pertaining to rate of time preferences (loss, gain of smaller and larger amount). We find that participants, across scenarios, expect individuals with low SES to show more short-sightedness, i.e., steeWe investigate how the stereotype of the poor (vs. middle class) influences behavioral predictions. In Study 1, participants made predictions regarding another person’s economic behavior in scenarios pertaining to rate of time preferences (loss, gain of smaller and larger amount). We find that participants, across scenarios, expect individuals with low SES to show more short-sightedness—i.e., stee