Literature DB >> 24567388

Physical contact influences how much people pay at celebrity auctions.

George E Newman1, Paul Bloom.   

Abstract

Contagion is a form of magical thinking in which people believe that a person's immaterial qualities or essence can be transferred to an object through physical contact. Here we investigate how a belief in contagion influences the sale of celebrity memorabilia. Using data from three high-profile estate auctions, we find that people's expectations about the amount of physical contact between the object and the celebrity positively predicts the final bids for items that belonged to well-liked individuals (e.g., John F. Kennedy) and negatively predicts final bids for items that belonged to disliked individuals (e.g., Bernard Madoff). A follow-up experiment further suggests that these effects are driven by contagion beliefs: when asked to bid on a sweater owned by a well-liked celebrity, participants report that they would pay substantially less if it was sterilized before they received it. However, sterilization increases the amount they would pay for a sweater owned by a disliked celebrity. These studies suggest that magical thinking may still have effects in contemporary Western societies and they provide some unique demonstrations of contagion effects on real-world purchase decisions.

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Year:  2014        PMID: 24567388      PMCID: PMC3956169          DOI: 10.1073/pnas.1313637111

Source DB:  PubMed          Journal:  Proc Natl Acad Sci U S A        ISSN: 0027-8424            Impact factor:   11.205


  4 in total

1.  Young children's preference for unique owned objects.

Authors:  Susan A Gelman; Natalie S Davidson
Journal:  Cognition       Date:  2016-07-07

2.  Moral contagion: Devaluation effect of immorality on hypothetical judgments of economic value.

Authors:  Jie Liu; Chong Liao; Juanzhi Lu; Yue-Jia Luo; Fang Cui
Journal:  Hum Brain Mapp       Date:  2019-01-09       Impact factor: 5.038

3.  Make recycled goods covetable.

Authors:  Bruce Hood
Journal:  Nature       Date:  2016-03-24       Impact factor: 49.962

4.  Magical thinking decreases across adulthood.

Authors:  Nadia M Brashier; Kristi S Multhaup
Journal:  Psychol Aging       Date:  2017-12
  4 in total

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