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Does attachment to money affect reciprocity behaviour?

Author

Listed:
  • Merav Malcman
  • Mosi Rosenboim
  • Tal Shavit

Abstract

In this study, we test experimentally how a player who must decide how much money to transfer back in a trust game is affected by the experiment's monetary incentive. We find that positive reciprocity or altruism in a trust game is affected by the player's attachment to the money he received. We also argue that in a trust game played with virtual money, the players are affected by their willingness to punish the other player, consistent with the 'altruistic punishment' hypothesis.

Suggested Citation

  • Merav Malcman & Mosi Rosenboim & Tal Shavit, 2015. "Does attachment to money affect reciprocity behaviour?," Applied Economics Letters, Taylor & Francis Journals, vol. 22(4), pages 251-254, March.
    • Handle: RePEc:taf:apeclt:v:22:y:2015:i:4:p:251-254
    DOI: 10.1080/13504851.2014.937028
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    Cited by:

    1. Chan, Ho Fai & Moy, Naomi & Schaffner, Markus & Torgler, Benno, 2021. "The effects of money saliency and sustainability orientation on reward based crowdfunding success," Journal of Business Research, Elsevier, vol. 125(C), pages 443-455.
    2. van den Akker, Olmo R. & van Assen, Marcel A.L.M. & van Vugt, Mark & Wicherts, Jelte M., 2020. "Sex differences in trust and trustworthiness: A meta-analysis of the trust game and the gift-exchange game," Journal of Economic Psychology, Elsevier, vol. 81(C).

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