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Related Experiment Video

Updated: Jul 20, 2025

The Collective Trust Game: An Online Group Adaptation of the Trust Game Based on the HoneyComb Paradigm
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Are People Generous When the Financial Stakes Are High?

Ryan J Dwyer1, William J Brady2, Chris Anderson3

  • 1Department of Psychology, University of British Columbia.

Psychological Science
|August 2, 2023
PubMed
Summary
This summary is machine-generated.

People demonstrate significant generosity, spending over $6,400 on others, including charity donations. Reputational concerns did not increase this real-world financial generosity in a study of high- and low-income countries.

Keywords:
cash transferdecision makinggenerosityopen materialspreregisteredreputationsocial preferences

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Area of Science:

  • Behavioral Economics
  • Social Psychology
  • Decision Science

Background:

  • Understanding human generosity in high-stakes financial decisions is crucial.
  • Previous research often relies on hypothetical scenarios, limiting real-world applicability.

Purpose of the Study:

  • To investigate the extent of generosity in consequential financial decisions.
  • To examine the role of reputational concerns in driving generous financial behavior.

Main Methods:

  • A preregistered study involving 200 adults from diverse low- and high-income countries.
  • Participants received a $10,000 gift and their spending decisions were tracked.
  • Generosity was compared between groups with public (Twitter) versus private spending disclosure.

Main Results:

  • Participants spent an average of over $6,400 on others, with nearly $1,700 donated to charity.
  • Generous spending was statistically similar between the public and private disclosure groups.
  • The hypothesis that reputational concerns would increase generosity was not supported.

Conclusions:

  • Humans exhibit substantial generosity in real-world financial decisions, even with significant personal stakes.
  • Reputational concerns do not appear to be a primary driver of this observed generosity.
  • Findings challenge assumptions about the influence of social visibility on altruistic financial behavior.