New research explores how one’s place in the social hierarchy alters physical representation of monetary objects
EVANSTON, Ill., June 7—Retail therapy can soothe the defeat of losing a major client, the rejection of not getting a promotion or even the embarrassment a high-powered executive might feel after receiving a speeding ticket. Spending money to uplift a damaged ego provides more than comfort; it restores the equilibrium of what lies at the foundation of Western culture – power and social hierarchy.
New research....