This study is a new step in research from the past couple of years on scarcity and IQ (check here, here and here) . This new study shows how stress could actually be both a consequence and a cause of social and economic inequality, affecting our ability to compete and make financial decisions.
- Stress generates competitive and economic inequality.
- Competitive confidence is unaffected by trait anxiety under control conditions.
- Stress makes low-anxiety individuals overconfident and high-anxious underconfident.
- Stress affects self-confidence under high-uncertainty conditions.
From the press release:
Confidence is essential to our ability to compete in society; when we don’t feel confident, we are less likely to make the kind of decisions that can give us a financial and social edge over others. By driving social competition, confidence becomes central in the organization and function of human societies, and marks the way individuals interact with each…
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