Navigation Links
Old Money Gets Spent More Quickly, Study Finds
Date:11/15/2012

THURSDAY, Nov. 15 (HealthDay News) -- If you want to save money, it might be a good idea to ask for new bills when you make a bank withdrawal, a new study suggests.

Canadian researchers found that many people find worn paper bills disgusting and will spend more to get rid of them, but are more likely to hold on to crisp new bills.

Study authors Fabrizio Di Muro, of the University of Winnipeg, and Theodore Noseworthy, of the University of Guelph, conducted a series of experiments in which people were given either worn or new bills and asked to complete a series of shopping tasks. The participants tended to spend more when they had worn bills than when they had new bills.

The study participants also were more likely to break a worn larger bill than pay the exact amount in new bills, according to the study, which was released online in advance of print publication in the Journal of Consumer Research.

The participants, however, tended to spend the new bills when they thought they were being watched, the investigators found.

"The physical appearance of money can alter spending behavior," Di Muro and Noseworthy wrote. "Consumers tend to infer that worn bills are used and contaminated, whereas crisp bills give them a sense of pride in owning bills that can be spent around others."

"Money may be as much a vehicle for social utility as it is for economic utility," the authors concluded. "We tend to regard currency as a means to consumption and not as a product itself, but money is actually subject to the same inferences and biases as the products it can buy."

More information

The U.S. Centers for Disease Control and Prevention describes how to wash your hands after handling money.

-- Robert Preidt

SOURCE: Journal of Consumer Research, news release, Nov. 13, 2012


'/>"/>
Copyright©2012 ScoutNews,LLC.
All rights reserved  

Related medicine news :

1. Testing pain killers on humans could save money and speed the arrival of new drugs
2. Money key factor in driving med students from primary care careers
3. What do saving money and losing weight have in common?
4. Dads Smarts May Mean More to His Sons Success Than His Money
5. BPA Substitute Lurks in Paper Money, Receipts
6. Money Woes Weaken the Institution of Marriage: Study
7. Medical Tourism: Uncharted Territory for Patients James Goldberg, Author of the American Medical Money Machine, Is Offering a New Consulting Service to Medical Patients Considering “Medical Tourism” Treatment
8. DotComSecrets’ Russell Brunson Is Revealing Online Money Making Secrets in Free Webinars for Students
9. Money Really Cant Buy Happiness, Study Finds
10. Losing money, emotions and evolution
11. Reducing off-label use of antipsychotic medications may save money
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
Old Money Gets Spent More Quickly, Study Finds
(Date:2/13/2016)... (PRWEB) , ... February 13, 2016 , ... ... School of Nursing with an in-kind gift of a VeinViewer® Vision vein ... as they learn how to start an IV and draw blood, combining technology ...
(Date:2/13/2016)... ... February 13, 2016 , ... DDi ... Management Solution Providers list for its expertise in eClinical Solutions. DDi has built ... serve the technology needs of global clients. DDi provides smarter technology for Clinical ...
(Date:2/12/2016)... ... February 12, 2016 , ... The law firm of Morrow, Morrow, Ryan & ... purpose of these scholarships is to encourage applicants to pursue a degree in their ... these two parishes. , “We have available jobs in St. Landry and Evangeline ...
(Date:2/12/2016)... ... February 12, 2016 , ... CDRH Enforcement Trends: , Back to the Future , ... , As Winston Churchill said, “Those who don’t learn from history are doomed to ... expect when they come knocking this year. But that takes time. , Take a ...
(Date:2/12/2016)... , ... February 12, 2016 , ... As a former ... schedule, a demanding job, and no time to decompress, Rabinowitz found herself drawn to ... to meditation for its impact on her life, implementing a 20-minute-per-day meditation practice with ...
Breaking Medicine News(10 mins):
(Date:2/11/2016)... -- - Cardiac Marker Diagnostic Testing ... Cancer Therapy. - European Point of Care Diagnostic ... - Key Diagnostic Testing Markets. - Molecular Diagnostics ... Testing. - Molecular Diagnostics in Infectious Disease Testing. ... Products World Markets. - Point of Care Diagnostic ...
(Date:2/11/2016)... Feb. 11, 2016 Stem cells are primitive ... by self-renewal and the capacity to differentiate into mature ... discovery, as the first mouse embryonic stem cells were ... until 1995 that the first culturing of embryonic stem ... were not produced until 2006 As a result of ...
(Date:2/11/2016)... 11, 2016 Laboratory glassware and ... laboratories. These may range from microscope slides to large ... made from borosilicate glass because of its low weight ... other hand, started gaining popularity over the past decade ... replace glass with plastic in several applications due to ...
Breaking Medicine Technology: