Video Resources: The Psychology of Money

We know as educators that while basic math can take you a long way to increasing your financial literacy, we would be remiss in not recognizing the importance of psychology too.  I wanted to curate a few video resources that tackle this issue and can be good ways to stimulate discussions in your classroom:

Does being wealthy make us happier? Up to a point. Paul Solman visits the Greater Good Science Center at the University of California, Berkeley, to explore the relationship between money and behavior, and gets some insight into his own state of mind.

It’s amazing what a rigged game of Monopoly can reveal. In this entertaining but sobering talk, social psychologist Paul Piff shares his research into how people behave when they feel wealthy. (Hint: badly.) But while the problem of inequality is a complex and daunting challenge, there’s good news too.

Why would someone bid $28 for a $20 bill?  Are we rational when it comes to money or not?  Watch this informative documentary and find out.