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.

Related Articles


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 October 31, 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 October 31, 2014).

Share This



More Science & Society News

Friday, October 31, 2014

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

EU, Russia, Ukraine Seal Breakthrough Gas Accord

EU, Russia, Ukraine Seal Breakthrough Gas Accord

AFP (Oct. 31, 2014) — Russia agrees to resume gas deliveries to war-torn Ukraine through the winter in an EU-brokered, multi-billion dollar deal signed by the three parties in Brussels. Duration: 01:10 Video provided by AFP
Powered by NewsLook.com
Alcoholic Drinks In The E.U. Could Get Calorie Labels

Alcoholic Drinks In The E.U. Could Get Calorie Labels

Newsy (Oct. 31, 2014) — A health group in the United Kingdom has called for mandatory calorie labels on alcoholic beverages in the European Union. Video provided by Newsy
Powered by NewsLook.com
Relief After “gas War” Is Averted

Relief After “gas War” Is Averted

Reuters - Business Video Online (Oct. 31, 2014) — A gas war between Russia and Ukraine has been averted. But as Hayley Platt reports a deal was only reached after Kiev's western creditors agreed to partly funding the deal. Video provided by Reuters
Powered by NewsLook.com
Malaria Threat in Liberia as Fight Against Ebola Rages

Malaria Threat in Liberia as Fight Against Ebola Rages

AFP (Oct. 31, 2014) — Focus on treating the Ebola epidemic in Liberia means that treatment for malaria, itself a killer, is hard to come by. MSF are now undertaking the mass distribution of antimalarials in Monrovia. Duration: 00:38 Video provided by AFP
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:

Strange & Offbeat Stories

 

Science & Society

Business & Industry

Education & Learning

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