In early August 2019, exchange rates between the yuan and the dollar crossed a 7-to-1 threshold that many media outlets called “psychologically important.” What does psychology have to do with international financial markets? A lot.
Research finds a black man in the U.S. has a 1 in 1,000 chance of being killed by police during his lifetime -- 2.5 times the odds for a white man. This contextual data can gird stories about people killed by police.
The wealth gap between the wealthiest and the poorest makes the American Dream just a dream for many. But perception can affect policy, and research shows many Americans still want to believe in economic mobility.