Definitely!
It can be amusing (and awkward) when the game is played by people who have wildly different things they value. Someone (politely, of course) reveals they're a wealthy executive and you react by looking on them with pity because they have to sell their time to others to work on dumb things that don't matter while you get to be footloose and backpack around Europe. Or you dress well and have the right accent so everyone assumes you're powerful when you're not (when I first moved to Ireland I was startled how many people assumed I was the boss and just visiting for a few days because I had an American accent). Or maybe you farm - and people look down on you - but wait! You quit the rat race to start an organic farm selling high end niche-goods to upscale restaurants - and suddenly you're the shrewd individual who made the right decisions in life to be able to do that.
It can be useful to remember that everyone wakes up and goes to the toilet in the morning, no matter their status. Years ago I read a quote from someone who liked naturism (nudity) because it stripped away most of the immediate signifiers of class from people.