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

Yilin Lan, Wanyi Guan, Yunda Qiu, Wankun Hu, Aitao Lu, Yue Wu, Linyu Zhang, Pingfang Song and Lu Wang

Journal of Social Economics, 2016, vol. 3, issue 4, 185-197

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.

Keywords: Money attitude; Perception of currency; Number; Space; Weight; Value (search for similar items in EconPapers)
Date: 2016
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