TY - JOUR
T1 - The impact of emotive Music on financial decision-making: an analysis of decision-making in an ultimatum game experiment
AU - Bari, Shahara
AU - Meek, Rosie
PY - 2021/10/18
Y1 - 2021/10/18
N2 - This study explored the impact of emotive music on financial decision-making. Participants (N = 130) partook in an Ultimatum style game. The emotive condition was created through a music stimulus in the background of the game environment. The game consisted of 30 financial splits divided into three proposal types: unfavourable, fair, and favourable. Through conducting a three-way mixed ANOVA, this study found a significant interaction between emotive condition and increases in level of agreement, within unfavourable proposals. The study concluded that emotive music impacts financial decision-making. Following the interaction between emotive music and the level of increased agreement, a positive relationship is assumed. Future research should explore the influence of emotional-heightening situations, such as the recent pandemic, on financial decision-making.
AB - This study explored the impact of emotive music on financial decision-making. Participants (N = 130) partook in an Ultimatum style game. The emotive condition was created through a music stimulus in the background of the game environment. The game consisted of 30 financial splits divided into three proposal types: unfavourable, fair, and favourable. Through conducting a three-way mixed ANOVA, this study found a significant interaction between emotive condition and increases in level of agreement, within unfavourable proposals. The study concluded that emotive music impacts financial decision-making. Following the interaction between emotive music and the level of increased agreement, a positive relationship is assumed. Future research should explore the influence of emotional-heightening situations, such as the recent pandemic, on financial decision-making.
U2 - 10.5334/jeps.564
DO - 10.5334/jeps.564
M3 - Article
VL - 12
SP - 27
EP - 39
JO - Journal of European Psychology Students
JF - Journal of European Psychology Students
IS - 1
ER -