Millionaires are more generous in 'communal' interactions than 'strategic' exchanges
Thursday, August 13, 2015 - 08:20
in Mathematics & Economics
(Phys.org)—The current economic climate of massive inequality coupled with a global trend toward painful austerity in government spending has fostered a renaissance of philanthropic giving that is unprecedented in history. It is likely that for at least the next 30 years, philanthropic giving by high net-worth individuals (HNWIs) and their foundations will be the biggest driver of social change around the world.