Why People Refuse Free Money

free moneyFor those that have an interest in why we make the financial decisions that we do, an interesting article on neuro-economics was recently published in the TimesOnline that is definitely worth a read:

Imagine that you are sitting next to a complete stranger who has been given £10 to share between the two of you. He must choose how much to keep for himself and how much to give to you.

He can be as selfish or as genero...

[Continue Reading at SavingAdvice.com]

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3 Responses to Why People Refuse Free Money

  1. Steve Torso says:

    The psychological aspects around money is always interesting. I think the Amaranth example recently would make a great study.

  2. junger says:

    I’m not sure that this makes much sense … it seems much more likely that the money would be declined because the person does not want to feel in debt to the moneygiver.

    “Here’s some money. Now you have to do X.”

    It’s just a weird situation, especially with a person you don’t know.

  3. MAtthew Maggy says:

    I’d take whatever he gave me, then punch him in the face for being an ______hole

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