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So, basically they found... that money makes people feel good. Duh. Dan Ariely has done a lot of (better) research showing all the weird effects money has on
by araneae 17y ago
So, basically they found... that money makes people feel good. Duh.
Dan Ariely has done a lot of (better) research showing all the weird effects money has on people. For instance, people experience more pain relief if they are told that the pill they took cost $5.00, as opposed to $.50. Unlike this study, at least it's relevant to life. (Seriously, they're not going to give $100 bills to kids in hospitals to count.)
Incidentally, it can have also have negative effects if used as a motivator. They asked people to a simple computer task, and people did a lot better at it if they were asked to do it "because it would help the researchers" than if they received $5.00. They did the worst if they were only paid $.50.
(He has two very good, albeit not very relevant, Ted talks: http://www.ted.com/speakers/dan_ariely.html http://www.ted.com/speakers/dan_ariely.html )