Thursday, July 03, 2008

Sad and Self-Focused Individuals Spend More

In this months Psychological Science Cynthia Cryder (aptonym here?) and colleagues show that misery is not miserly: Infact sadness increases the amount of money that decision makers give up to acquire a commodity. The researchers also show that self-focus moderates the effect of sadness on spending.

Don't worry, the study used real commodities and money so the results may hold implications for everyday decisions.

Cryder, Lerner, Gross, & Dahl (2008)

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