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Awe Weakens the Desire for Money

Published online by Cambridge University Press:  29 January 2018

Libin Jiang
Affiliation:
Department of Psychology, Sun Yat-Sen University, Guangzhou, China
Jun Yin
Affiliation:
Department of Psychology, Ningbo University, Ningbo, China
Dongmei Mei
Affiliation:
Department of Psychology, Sun Yat-Sen University, Guangzhou, China
Hong Zhu
Affiliation:
School of Business, Nanjing University, Nanjing, China
Xinyue Zhou*
Affiliation:
School of Management, Zhejiang University, Hangzhou, China
*
Address for correspondence: Xinyue Zhou, School of Management, Zhejiang University, 866 Yuhangtang Road, Hangzhou, 310058, China. Email: xinyuezhou@zju.edu.cn

Abstract

This research examined whether feeling awe weakens people's desire for money. Two experiments demonstrated that, as a self-transcendent emotion, awe decreased people's money desire. In Experiment 1, recalling a personal experience of awe makes people place less importance on money, compared with recalling an experience of happiness and recalling a neutral experience. In experiment 2, we examined different variants of awe, such as negative awe and non-nature awe. Viewing images that elicited awe, no matter what kind of awe, can induce people to put less effort into obtaining money. Process evidence suggested that awe's weakening of money desire was due to its power to make people transcend their mundane concerns. Our findings have implications for willingness to donate, price sensitivity, religious practices, and economic utilities.

Information

Type
Articles
Creative Commons
Creative Common License - CCCreative Common License - BY
This is an Open Access article, distributed under the terms of the Creative Commons Attribution licence (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted re-use, distribution, and reproduction in any medium, provided the original work is properly cited.
Copyright
Copyright © The Author(s) 2018
Figure 0

Figure 1 Study 1: Desire for money and self-transcendence.

Figure 1

Figure 2 Study 1: Mediation via self-transcendence on desire for money.

Note: Mediation analysis with 10,000 bootstrap samples (model 4 in PROCESS; Hayes 2013). The predictor variable contrasts the awe condition against the happy and neutral conditions (awe = 2, happy = −1, neutral = −1).
Figure 2

Figure 3 Study 2: Mediation via self-transcendence on desire for money.

Note: Mediation analysis with 10,000 bootstrap samples (model 4 in PROCESS; Hayes 2013). The predictor variable contrasts the two awe conditions against the neutral conditions (negative awe = 1, non-nature awe = 1, neutral = −2).