• Time, money, and happiness: Does putting a price on time affect our ability to smell the roses?

    Author(s):
    Lorne Campbell, Scott Connors, Claire Henderson, Mansur Khamitov (see profile) , Sarah Moroz
    Date:
    2016
    Subject(s):
    Social psychology, Psychology, Working-class studies
    Item Type:
    Article
    Tag(s):
    Time, money, impatience, happiness, replication
    Permanent URL:
    http://dx.doi.org/10.17613/M6BC2S
    Abstract:
    DeVoe and House (2012; Experiment 3) demonstrated that the process of thinking about one's incomein relation to time (i.e., as an hourly wage) affected the enjoyment that participants derived from pleasurable experiences. Participants compelled to think of “time is money” experienced more impatience and less enjoyment in reaction to listening to a pleasurable piece of music compared to participants not asked to think of time as money. These effects were attenuated when participants were financially compensated for this leisure time. This suggests that putting a price on time can influence enjoyment of leisure activities, depending on the degree to which individuals are compensated for engaging in these activities. To determine the reliability, andmagnitude, of the reported effects, two preregistered high-powered close replications were conducted. These independent replication attempts, as well as the analyses on the combined sample, failed to replicate the original pattern of findings. The results of the current studies suggest that, using these operationalizations of the study variables, the interactive effects of compensation and calculation cannot be considered robust and may not consistently predict happiness or impatience.
    Metadata:
    Published as:
    Journal article    
    Status:
    Published
    Last Updated:
    2 years ago
    License:
    Attribution-NonCommercial-NoDerivatives
    Share this:

    Downloads

    Item Name:pdf jesp-personal-copy-pdf.pdf
     Download View in browser
    Activity: Downloads: 207