The tangibility effect of paper money and coins in an investment experiment

Authors

  • Junyi Shen Research Institute for Economics and Business Administration, Kobe University
  • Hiromasa Takahashi Faculty of International Studies, Hiroshima City University

Abstract

In this study, we conducted a simple self-control investment experiment to investigate the tangibility effect of paper money and coin. We found that, compared to the non-cash condition, physically holding either paper money or coin made subjects significantly less likely to participate in the investment experiment and those who did participate invested significantly less. In addition, an aversion towards coins in small investments and a gender difference in investment decision were found.

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Published

03-04-2017

How to Cite

Shen, J., & Takahashi, H. (2017). The tangibility effect of paper money and coins in an investment experiment. Economics and Business Letters, 6(1), 1–5. Retrieved from https://reunido.uniovi.es/index.php/EBL/article/view/11222

Issue

Vol. 6 No. 1 (2017): March

Section

Articles

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