Money and relationships: When and why thinking about money leads people to approach others

Fei TENG, Zhansheng CHEN, Kai Tak POON, Denghao ZHANG, Yuwei JIANG

Research output: Contribution to journalArticle

6 Citations (Scopus)

Abstract

Monetary reminders have been shown to discourage people from affiliating with others. We proposed such an effect can be reversed when others are instrumental to people’s goals. Results from four experiments converged to support our proposition. We found that thinking about money increased people’s focus on the instrumentality aspects of others (Experiment 1). In a goal pursuit context, monetary reminders increased people’s tendency to approach others who were instrumental to achieving their goals (Experiment 2). The effect of money prime on approaching others was dismissed or reversed when people were highly competent in achieving the goal themselves (Experiment 3) and when the instrumentality of others was ambiguous (Experiment 4). Moreover, these effects were driven by the perceived instrumentality of others (Experiments 2–4). Taken together, our findings suggest that thinking about money leads to an instrumentality orientation in social interactions, which changes how people view relationships and how they interact with others. Copyright © 2016 Elsevier Inc.
Original languageEnglish
Pages (from-to)58-70
JournalOrganizational Behavior and Human Decision Processes
Volume137
Early online dateAug 2016
DOIs
Publication statusPublished - Nov 2016

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Interpersonal Relations
Thinking
Experiment
Instrumentality
Social interaction

Citation

Teng, F., Chen, Z., Poon, K.-T., Zhang, D., & Jiang, Y. (2016). Money and relationships: When and why thinking about money leads people to approach others. Organizational Behavior and Human Decision Processes, 137, 58-70.

Keywords

  • Money
  • Instrumentality
  • Market-pricing mindset
  • Interpersonal relationship