Showing posts with label Money. Show all posts
Showing posts with label Money. Show all posts

Tuesday, March 13, 2007

Money and Egoism

One team of psychologists run following experiment:

They hire several hundred college students to take part in adifference of experiments. In each experiment, the researchers subtly prompted half the volunteers to think of money–by having them read an essay that mentioned money, for example, or seating them facing a poster depicting different types of currency–before putting them in a social situation. In one experiment, the researchers gave volunteers a difficult puzzle and told them to ask for help at any time. People who had been reminded of money waited nearly 70% longer to seek help than those who hadn’t. People cued to think of money also spent only half as much time, on average, assisting another person who asked for their help with a word problem and picked up fewer pencils for someone who’d dropped them.

The antisocial behavior didn’t end there. Volunteers reminded of money preferred working alone even if sharing the task with a co-worker resulted in substantially less work. They also chose lonely leisure activities on a questionnaire–preferring a private cooking lesson, for instance, over a dinner for four. And when asked to set up two chairs for a get-to-know-you chat with another volunteer, subjects who’d seen a money-themed computer screensaver placed the chairs further apart than subjects who’d seen a fish screensaver. Taken together, the findings suggest that thinking of money puts people in a frame of mind in which they don’t want to depend on others and don’t want others to depend on them.

Is it good or not?

Thinking About Money - [Marketing & Strategy Innovation Blog]


Monday, March 12, 2007

True about money

My friend, I want to tell you some damn true about money that rustle in your pocket.
It's a common truth. Your emolument, no matter how huge, can never make you happy.

Here’s some reasons why.

Most people are wrong when they think that having a higher income would make them happier.

The opinion that high salary is associated with succes life is prevalent but mostly supposed. People with above-average income are relatively satisfied with their lives but are barely happier than others in moment-to-moment experience, tend to be more tense, and do not spend more time in minutely enjoyable activities.

The problem is that people still act on their erroneous belief that making more money makes them happier:

In spite of the weak relationship between income and global life satisfaction, many people are highly motivated to improve their income. In some cases, this focusing phantom may lead to a misallocation of time, from accepting lengthy commutes (which are among the worst moments of the day) to sacrificing time spent socializing (which are among the best moments of the day).

So don't be crazy and forget your rush for wealth. Always thinking of money is bad for you.