Featured Research

from universities, journals, and other organizations

When we have a low opinion of someone, we tend to reject their money, study finds

Date:
March 7, 2013
Source:
University of Granada
Summary:
Research done in Spain, Germany and the UK has demonstrated that when we have a low opinion of somebody, we are more likely to reject their money, even though the offer is attractive, because the social information we have on that person influences our decision. Furthermore, people are prepared to even lose money rather than accept it from those they do not hold in high consideration. 

Research done in the Universities of Granada (Spain), Freiburg (Germany) and University College London (UK) has demonstrated that when we have a low opinion of somebody, we are more likely to reject their money, even though the offer is attractive, because the social information we have on that person influences our decision. Furthermore, people are prepared to even lose money rather than accept it from those they do not hold in high consideration.

The article has been published in the journal "Frontiers in Decision Neuroscience," based on a study in which the researchers worked with two groups of 36 individuals, made up of 18-27 year-old University of Granada students.

To carry out the work, the authors used an economics-based game called "The Ultimatum Game," in which participants receive offers on divisions of sums of money from a partner. These offers may be fair (for example, splitting 10 euros into 5 each) or unfair (splitting 10 euros into 9 for me and 1 for you). According to the researchers, the rational decision would be to accept all offers, "since, although 1 euro out of 10 is unfair, it is still money," in the words of Maria Ruz from the Mind, Brain and Behaviour Research Centre (CIMCYC) of the UGR. Negative emotional response to injustice

The researchers found -- replicating previous studies -- that most participants tended to reject offers of an unfair nature, a reaction that seems to be affected by a negative emotional response to injustice. Maria Ruz believes that this study shows that "the opinion we have on moral aspects of the people we interact with also affects whether we accept or reject the financial offers they make." Thus, if we have a high opinion of the other person, we accept their money more often than if not. The author also highlights that, "on the other hand, if we have low opinion of someone, we are more likely to reject their money. Both things occur as much in fair offers as in unfair ones."

In addition, during the study, "the people were playing with real money (the more offers they accepted, the more money they were paid)." The results, therefore, are counter-intuitive, "but that is what we found: we are prepared to lose money rather than accept it from those we have a low opinion of," the authors conclude.


Story Source:

The above story is based on materials provided by University of Granada. Note: Materials may be edited for content and length.


Journal Reference:

  1. Celia Gaertig, Anna Moser, Sonia Alguacil, Marνa Ruz. Social Information and Economic Decision-Making in the Ultimatum Game. Frontiers in Neuroscience, 2012; 6 DOI: 10.3389/fnins.2012.00103

Cite This Page:

University of Granada. "When we have a low opinion of someone, we tend to reject their money, study finds." ScienceDaily. ScienceDaily, 7 March 2013. <www.sciencedaily.com/releases/2013/03/130307110352.htm>.
University of Granada. (2013, March 7). When we have a low opinion of someone, we tend to reject their money, study finds. ScienceDaily. Retrieved August 1, 2014 from www.sciencedaily.com/releases/2013/03/130307110352.htm
University of Granada. "When we have a low opinion of someone, we tend to reject their money, study finds." ScienceDaily. www.sciencedaily.com/releases/2013/03/130307110352.htm (accessed August 1, 2014).

Share This




More Science & Society News

Friday, August 1, 2014

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

House Republicans Vote to Sue Obama Over Healthcare Law

House Republicans Vote to Sue Obama Over Healthcare Law

Reuters - US Online Video (July 31, 2014) — The Republican-led House of Representatives votes to sue President Obama, accusing him of overstepping his executive authority in making changes to the Affordable Care Act. Mana Rabiee reports. Video provided by Reuters
Powered by NewsLook.com
Florida Panther Rebound Upsets Ranchers

Florida Panther Rebound Upsets Ranchers

AP (July 31, 2014) — With Florida's panther population rebounding, some ranchers complain the protected predators are once again killing their calves. (July 31) Video provided by AP
Powered by NewsLook.com
Britain Testing Driverless Cars on Roadways

Britain Testing Driverless Cars on Roadways

AP (July 30, 2014) — British officials said on Wednesday that driverless cars will be tested on roads in as many as three cities in a trial program set to begin in January. Officials said the tests will last up to three years. (July 30) Video provided by AP
Powered by NewsLook.com
Health Insurers' Profits Slide

Health Insurers' Profits Slide

Reuters - Business Video Online (July 30, 2014) — Obamacare-related costs were said to be behind the profit plunge at Wellpoint and Humana, but Wellpoint sees the new exchanges boosting its earnings for the full year. Fred Katayama reports. Video provided by Reuters
Powered by NewsLook.com

Search ScienceDaily

Number of stories in archives: 140,361

Find with keyword(s):
 
Enter a keyword or phrase to search ScienceDaily for related topics and research stories.

Save/Print:
Share:  

Breaking News:
from the past week

In Other News

... from NewsDaily.com

Science News

Health News

Environment News

Technology News



Save/Print:
Share:  

Free Subscriptions


Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Get Social & Mobile


Keep up to date with the latest news from ScienceDaily via social networks and mobile apps:

Have Feedback?


Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Mobile iPhone Android Web
Follow Facebook Twitter Google+
Subscribe RSS Feeds Email Newsletters
Latest Headlines Health & Medicine Mind & Brain Space & Time Matter & Energy Computers & Math Plants & Animals Earth & Climate Fossils & Ruins