IDEAS home Printed from https://ideas.repec.org/a/rss/jnljse/v3i4p3.html
   My bibliography  Save this article

The Effect of Money Attitude on Money Perception on Size, Number, and Weight

Author

Listed:
  • Yilin Lan
  • Wanyi Guan
  • Yunda Qiu
  • Wankun Hu
  • Aitao Lu
  • Yue Wu
  • Linyu Zhang
  • Pingfang Song
  • Lu Wang

Abstract

The current study primarily investigated the effect of money attitude on money perception. We asked participants to estimate the size of paper money (Experiment 1), the number of money sheets (Experiment 2), and the weight of paper money (Experiment 3), and measured their attitude toward money by Money Ethic Scale The data was submitted to a 2 (two types of Money attitudes: Money Worshiper and Money Repeller)×3 (three levels of image size in Experiment 1, or three levels of number of money papers in Experiment 2, or three levels of descriptive money paper weight in Experiment 3)×5 (five types of different nominal amount). The results showed that all the participants overestimated the size of paper money, the number of money sheets, and the weight of paper money, but such overestimation was more salient in money-worshiping group. Moreover, the perception of money varied as a function of money attitude. That is, the more people value the money, the larger and heavier they perceived the money.

Suggested Citation

  • Yilin Lan & Wanyi Guan & Yunda Qiu & Wankun Hu & Aitao Lu & Yue Wu & Linyu Zhang & Pingfang Song & Lu Wang, 2016. "The Effect of Money Attitude on Money Perception on Size, Number, and Weight," Journal of Social Economics, Research Academy of Social Sciences, vol. 3(4), pages 185-197.
    • Handle: RePEc:rss:jnljse:v3i4p3
    as

    Download full text from publisher

    File URL: http://rassweb.org/admin/pages/ResearchPapers/Paper%203_1495886041.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. David Dubois & Derek D. Rucker & Adam D. Galinsky, 2010. "The Accentuation Bias: Money Literally Looms Larger (and Sometimes Smaller) to the Powerless," Post-Print hal-00621067, HAL.
    2. David Dubois & Derek D. Rucker & Adam D. Galinsky, 2010. "The Accentuation Bias: Money Literally Looms larger to the Powerless," Post-Print hal-00701816, HAL.
    3. Lea, S. E. G., 1981. "Inflation, decimalization and the estimated sizes of coins," Journal of Economic Psychology, Elsevier, vol. 1(1), pages 79-81, January.
    4. Elisaveta Sardžoska & Thomas Tang, 2015. "Monetary Intelligence: Money Attitudes—Unethical Intentions, Intrinsic and Extrinsic Job Satisfaction, and Coping Strategies Across Public and Private Sectors in Macedonia," Journal of Business Ethics, Springer, vol. 130(1), pages 93-115, August.
    5. Furnham, Adrian, 1983. "Inflation and the estimated sizes of notes," Journal of Economic Psychology, Elsevier, vol. 4(4), pages 349-352, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Furnham, Adrian & Spencer-Bowdage, Sarah, 2003. "Inflation and the estimated size of withdrawn notes and coins," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 32(3), pages 351-354, July.
    2. Koo, Jayoung & Im, Hyunjoo, 2019. "Going up or down? Effects of power deprivation on luxury consumption," Journal of Retailing and Consumer Services, Elsevier, vol. 51(C), pages 443-449.
    3. Reed, Phil, 1999. "Effect of perceived cost on judgments regarding the efficacy of investment," Journal of Economic Psychology, Elsevier, vol. 20(6), pages 657-676, December.
    4. Mukherjee, Ashesh & Lee, Seung Yun & Burnham, Thomas, 2020. "The effect of others’ participation on charitable behavior: Moderating role of recipient resource scarcity," Journal of Business Research, Elsevier, vol. 120(C), pages 213-228.
    5. Wei, Chuang & Liu, Maggie Wenjing & Keh, Hean Tat, 2020. "The road to consumer forgiveness is paved with money or apology? The roles of empathy and power in service recovery," Journal of Business Research, Elsevier, vol. 118(C), pages 321-334.
    6. Lu Yang & Yuhuang Zheng & Rui Chen, 2021. "Who has a cushion? The interactive effect of social exclusion and gender on fixed savings," Journal of Consumer Affairs, Wiley Blackwell, vol. 55(4), pages 1398-1415, December.
    7. Sotiris Vandoros, 2013. "My five pounds are not as good as yours, so I will spend them," Experimental Economics, Springer;Economic Science Association, vol. 16(4), pages 546-559, December.
    8. Xingbo Li & Shalini Sarin Jain & Yiqin Alicia Shen & Shailendra Pratap Jain, 2021. "Power and Message Framing: the Case of Comparative Advertising," Customer Needs and Solutions, Springer;Institute for Sustainable Innovation and Growth (iSIG), vol. 8(1), pages 41-49, June.
    9. Paramita, Widya & Septianto, Felix & Winahjoe, Sari & Purwanto, B.M. & Candra, Ika Diyah, 2020. "Sharing is (not) caring? The interactive effects of power and psychological distance on tolerance of unethical behavior," Australasian marketing journal, Elsevier, vol. 28(3), pages 42-49.
    10. Gasiorowska, Agata, 2008. "Różnice indywidualne jako determinanty postaw wobec pieniędzy [Individual differences as determinants of money attitudes]," MPRA Paper 42684, University Library of Munich, Germany.
    11. Mohd Ridwan ABD RAZAK & Enah ALI, 2020. "Interdependence Between Interactional Justice And Job Satisfaction," Management and Marketing Journal, University of Craiova, Faculty of Economics and Business Administration, vol. 0(1), pages 26-39, May.
    12. Lam D. Nguyen & Quan H. M. Tran, 2018. "Working Adults and Personal Business Ethics in South East Asia: a Comparative Study in Thailand and Vietnam," Public Organization Review, Springer, vol. 18(2), pages 159-174, June.
    13. Carolin Baur & Roman Soucek & Ulrich Kühnen & Roy F. Baumeister, 2020. "Unable to Resist the Temptation to Tell the Truth or to Lie for the Organization? Identification Makes the Difference," Journal of Business Ethics, Springer, vol. 167(4), pages 643-662, December.
    14. Rizwan Raheem Ahmed & Munwar Hussain Pahi & Shahid Nadeem & Riaz Hussain Soomro & Vishnu Parmar & Fouzia Nasir & Faiz Ahmed, 2023. "How and When Ethics Lead to Organizational Performance: Evidence from South Asian Firms," Sustainability, MDPI, vol. 15(10), pages 1-29, May.
    15. Elodie Gentina & Thomas Li-Ping Tang & Qinxuan Gu, 2018. "Do Parents and Peers Influence Adolescents’ Monetary Intelligence and Consumer Ethics? French and Chinese Adolescents and Behavioral Economics," Journal of Business Ethics, Springer, vol. 151(1), pages 115-140, August.
    16. Shandana Shoaib & Yehuda Baruch, 2019. "Deviant Behavior in a Moderated-Mediation Framework of Incentives, Organizational Justice Perception, and Reward Expectancy," Journal of Business Ethics, Springer, vol. 157(3), pages 617-633, July.
    17. Ningyu Tang & Jingqiu Chen & Kaili Zhang & Thomas Li-Ping Tang, 2018. "Monetary Wisdom: How Do Investors Use Love of Money to Frame Stock Volatility and Enhance Stock Happiness?," Journal of Happiness Studies, Springer, vol. 19(6), pages 1831-1862, August.
    18. Thomas Li-Ping Tang & Toto Sutarso & Mahfooz A. Ansari & Vivien Kim Geok Lim & Thompson Sian Hin Teo & Fernando Arias-Galicia & Ilya E. Garber & Randy Ki-Kwan Chiu & Brigitte Charles-Pauvers & Roberto, 2018. "Monetary Intelligence and Behavioral Economics Across 32 Cultures: Good Apples Enjoy Good Quality of Life in Good Barrels," Journal of Business Ethics, Springer, vol. 148(4), pages 893-917, April.
    19. Thomas Li-Ping Tang & Toto Sutarso & Mahfooz A. Ansari & Vivien K. G. Lim & Thompson S. H. Teo & Fernando Arias-Galicia & Ilya E. Garber & Randy Ki-Kwan Chiu & Brigitte Charles-Pauvers & Roberto Luna-, 2018. "Monetary Intelligence and Behavioral Economics: The Enron Effect—Love of Money, Corporate Ethical Values, Corruption Perceptions Index (CPI), and Dishonesty Across 31 Geopolitical Entities," Journal of Business Ethics, Springer, vol. 148(4), pages 919-937, April.
    20. Song, Jinzhu & Gao, Yanhuan & Huang, Youlin & Chen, Lihan, 2023. "Being friendly and competent: Service robots' proactive behavior facilitates customer value co-creation," Technological Forecasting and Social Change, Elsevier, vol. 196(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rss:jnljse:v3i4p3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Danish Khalil (email available below). General contact details of provider: http://www.rassweb.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.