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A comprehensive meta-analysis of money priming
Paul Lodder1, How Hwee Ong2, Raoul P P P Grasman3
1Department of Methodology and Statistics.
Money priming significantly influences thoughts and behaviors, but publication bias is likely. The strongest effects occur when participants handle money in lab settings, warranting further preregistered research.
Area of Science:
- Psychology
- Social Psychology
- Behavioral Science
Background:
- Money priming research explores how money-related stimuli impact cognition, emotion, motivation, and behavior.
- A comprehensive meta-analysis was needed to synthesize existing money priming evidence.
Purpose of the Study:
- To assess publication bias in money priming literature.
- To derive a bias-corrected effect size estimate.
- To investigate moderators like prime type and study setting.
Main Methods:
- Systematic literature search of published and unpublished studies.
- Meta-analysis of 246 experiments.
- Statistical tests for publication bias (e.g., Egger's test).
- Moderator analyses to examine design factor influences.
Main Results:
- A significant overall effect size (Hedges' g = .31) was found.
- Evidence suggests the presence of publication bias and related biases.
- The largest effects were observed in lab studies using active money handling.
Conclusions:
- Money priming effects are present but potentially inflated by bias.
- Study design, particularly active money handling in lab settings, influences effect size.
- Future research should prioritize preregistered, adequately powered studies.
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