Literature DB >> 26214169

Money priming can change people's thoughts, feelings, motivations, and behaviors: An update on 10 years of experiments.

Kathleen D Vohs1.   

Abstract

Caruso, Vohs, Baxter, and Waytz (2013) posited that because money is used in free market exchanges, cues of money would lead people to justify and support the systems that allow those exchanges to take place. Hence, the authors predicted that money primes would boost system justification, social dominance, belief in a just world, and free market ideology, and found supportive evidence. Rohrer, Pashler, and Harris (2015) failed to replicate those effects. This article discusses the factors that predict priming effects, and particularly those pertinent to differences between Caruso et al. and Rohrer et al. Variations in a prime's meaning, the ease with which primed content comes to mind, the prime's motivational importance, and the ambiguity of the outcome situation influence the impact of the prime. Money priming experiments (totaling 165 to date, from 18 countries) point to at least 2 major effects. First, compared to neutral primes, people reminded of money are less interpersonally attuned. They are not prosocial, caring, or warm. They eschew interdependence. Second, people reminded of money shift into professional, business, and work mentality. They exert effort on challenging tasks, demonstrate good performance, and feel efficacious. Money priming is not the same as priming another popular means of exchange, credit cards, and can have bigger effects when there is an implied connection between the self and having money. The practical benefits of money have been studied by other disciplines for decades, and the time is now for psychologists to study the effects of merely being reminded of money. (c) 2015 APA, all rights reserved).

Entities:  

Mesh:

Year:  2015        PMID: 26214169     DOI: 10.1037/xge0000091

Source DB:  PubMed          Journal:  J Exp Psychol Gen        ISSN: 0022-1015


  6 in total

1.  Exposure to money modulates neural responses to outcome evaluations involving social reward.

Authors:  Jin Li; Lei Liu; Yu Sun; Wei Fan; Mei Li; Yiping Zhong
Journal:  Soc Cogn Affect Neurosci       Date:  2020-01-30       Impact factor: 3.436

2.  The Effect of Money Priming on Self-Focus in the Imitation-Inhibition Task.

Authors:  Oliver Genschow; Johannes Schuler; Emiel Cracco; Marcel Brass; Michaela Wänke
Journal:  Exp Psychol       Date:  2019-11

3.  Trait anxiety on effort allocation to monetary incentives: a behavioral and high-density EEG study.

Authors:  Cristina Berchio; João Rodrigues; Alina Strasser; Christoph M Michel; Carmen Sandi
Journal:  Transl Psychiatry       Date:  2019-07-12       Impact factor: 6.222

4.  The Effects of Activating the Money Concept on Perseverance and the Preference for Delayed Gratification in Children.

Authors:  Agata Trzcińska; Katarzyna Sekścińska
Journal:  Front Psychol       Date:  2016-04-27

5.  Selection bias, vote counting, and money-priming effects: A comment on Rohrer, Pashler, and Harris (2015) and Vohs (2015).

Authors:  Miguel A Vadillo; Tom E Hardwicke; David R Shanks
Journal:  J Exp Psychol Gen       Date:  2016-05

6.  Contests versus Norms: Implications of Contest-Based and Norm-Based Intervention Techniques.

Authors:  Magnus Bergquist; Andreas Nilsson; André Hansla
Journal:  Front Psychol       Date:  2017-11-23
  6 in total

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