How does money influence decision-making?

According to a new study from the University of Amsterdam, people who have a lot of money are often convinced that they are right about everything and don't want to listen to other people's advice.

A banal example of such self-confidence is that many famous people are very poorly dressed, despite the fact that they can afford clothes created by the most famous fashion designers.

Scientists believe that this happens, as they feel very confident. A large amount of money gives them some security, confidence and therefore they make false decisions and assessments. They become so sure of themselves that they don't want to listen to someone who wants to point out their faults.

This type of behavior can pass through the red carpet, but in other areas such as hospitals or financial institutions, serious problems can arise.

Scientists led by dr. Mael Lebreton studied 104 respondents. They participated in visual tests with Gabor filters. These filters can be monochromatic or sampled. They are often used in perception tests.

In the experiment, respondents had to decide which of two images had a higher contrast. On a scale of 50% to 100% indicated how confident they are in their decision. They were told that they would win or lose money depending on how accurate they were. It was about ten dollars.

The results showed that people became more confident when the reward was smiled at. In contrast, if they were threatened with loss, self-confidence decreased. Money has helped people make decisions.

However, those people who were confident about their money decision became even more confident. The possibility of monetary reward, according to scientists, can change the psychological state. Otherwise, the research was published in the journal 'Advances Science'.