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The Psycho-Economics of Money and Social Support

The Psycho-Economics of Money and Social Support Psychological Inquiry, 19: 148–152, 2008 Copyright Taylor & Francis Group, LLC ISSN: 1047-840X print / 1532-7965 online DOI: 10.1080/10478400802608822 Robert Kreuzbauer University of Illinois at Urbana-Champaign, Illinois Chi-yue Chiu Nanyang Technological University, Singapore and University of Illinois at Urbana-Champaign, Illinois There has been a growing interest in the psychology materialistic consumption). Based on this observation, of money (e.g., Rick, Cryder, & Loewenstein, 2008; Zhou and Gao contend that whereas social support Vohs, Mead, & Goode, 2006). In the target article, Zhou provides a primary psychological buffer against pain, and Gao (this issue) offer a refreshing perspective on money is a secondary pain buffer. This contention im- money and social support, maintaining that money and plies that money, being a derived painkiller, is a sub- social support are substitutes of each other for alle- stitute for social support, but social support is not a viating pain. In a comprehensive review of the extant substitute for money. However, contrary to this, there research literature, these authors found clear evidence is considerable evidence that people do seek social sup- for their view. Specifically, they found that (a) antici- port as a way to cope with financial loss (see Kessler, pation of pain http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Psychological Inquiry Taylor & Francis

The Psycho-Economics of Money and Social Support

Kreuzbauer, Robert; Chiu, Chi-yue
Psychological Inquiry , Volume 19 (3-4): 5 – Dec 12, 2008
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References (7)

Publisher
Taylor & Francis
Copyright
Copyright Taylor & Francis Group, LLC
ISSN
1532-7965
eISSN
1047-840X
DOI
10.1080/10478400802608822
Publisher site
See Article on Publisher Site

Abstract

Psychological Inquiry, 19: 148–152, 2008 Copyright Taylor & Francis Group, LLC ISSN: 1047-840X print / 1532-7965 online DOI: 10.1080/10478400802608822 Robert Kreuzbauer University of Illinois at Urbana-Champaign, Illinois Chi-yue Chiu Nanyang Technological University, Singapore and University of Illinois at Urbana-Champaign, Illinois There has been a growing interest in the psychology materialistic consumption). Based on this observation, of money (e.g., Rick, Cryder, & Loewenstein, 2008; Zhou and Gao contend that whereas social support Vohs, Mead, & Goode, 2006). In the target article, Zhou provides a primary psychological buffer against pain, and Gao (this issue) offer a refreshing perspective on money is a secondary pain buffer. This contention im- money and social support, maintaining that money and plies that money, being a derived painkiller, is a sub- social support are substitutes of each other for alle- stitute for social support, but social support is not a viating pain. In a comprehensive review of the extant substitute for money. However, contrary to this, there research literature, these authors found clear evidence is considerable evidence that people do seek social sup- for their view. Specifically, they found that (a) antici- port as a way to cope with financial loss (see Kessler, pation of pain

Journal

Psychological Inquiry – Taylor & Francis

Published: Dec 12, 2008

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