Monetary Primes Increase Differences in Predicted Life-Satisfaction Between New and Old Indian Institutes of Technology (IITs)

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dc.contributor.author Mukherjee, Sumitava
dc.contributor.author Nargundkar, Maithilee
dc.contributor.author Manjaly, Jaison A.
dc.date.accessioned 2014-06-26T05:49:39Z
dc.date.available 2014-06-26T05:49:39Z
dc.date.issued 2014-06
dc.identifier.citation Mukherjee, Sumitava; Nargundkar, Maithilee and Manjaly, Jaison A., “Monetary Primes Increase Differences in Predicted Life-Satisfaction Between New and Old Indian Institutes of Technology (IITs)”, Psychological Studies, DOI: 10.1007/s12646-014-0259-5, June 2014. en_US
dc.identifier.issn 0033-2968
dc.identifier.uri http://dx.doi.org/10.1007/s12646-014-0259-5
dc.identifier.uri https://repository.iitgn.ac.in/handle/123456789/1321
dc.description.abstract Dynamics between money and happiness has attracted many scholars due to its importance in everyday lives but there is no study on the psychological consequences of priming money on life-satisfaction judgments. We examined whether students report life-satisfaction of themselves and that of others differently, after being reminded of money and whether such judgments differ for new versus old institutes of higher education. Students from a new Indian Institute of Technology (IIT) at Gandhinagar and from an old IIT at Bombay were asked to rate how satisfied currently they are with their lives in general and were also asked to predict how satisfied students are at other new and old IITs. Exposure to money did not affect self-reported satisfaction ratings and predictions of life-satisfaction for other students at old IITs. However, predicted life-satisfaction for students at new IITs reduced in presence of money. This made the difference in predicted student life satisfactions between old and new IITs more pronounced after priming money. Money selectively affects life-satisfaction predictions depending on the context and social value of an institution, probably because money makes the market-pricing mode of thought salient. These findings have important implication for education both in Asia and other countries. en_US
dc.description.statementofresponsibility by Sumitava Mukherjee, Maithilee Nargundkar and Jaison A. Manjaly
dc.format.extent vol. 59, no. 2, pp 191-196
dc.language.iso en en_US
dc.publisher Springer en_US
dc.subject Happiness en_US
dc.subject IIT en_US
dc.subject Judgment en_US
dc.subject Life-satisfaction en_US
dc.subject Money en_US
dc.title Monetary Primes Increase Differences in Predicted Life-Satisfaction Between New and Old Indian Institutes of Technology (IITs) en_US
dc.type Article en_US
dc.relation.journal Psychological Studies


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