Bah Humbug! The pandemic may have turned us into penny pinchers

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People became more stingy when the pandemic struck, particularly older adults, according to Spanish research. Almost 1000 people were asked how much of a potential cash prize they would donate to charity over a week as COVID-19 cases numbers were exploding in March 2020. The amount donated by the over-40s decreased significantly in the second half of the week and suggests social behaviour adjusted rapidly in response to the pandemic.

Media release

From: The Royal Society

Save your pennies - Exposure to the Covid-19 pandemic environment and generosity

Experimentally-elicited donations toward an uknown cause to charity decrease during the initial explosive growth of the Covid-19 pandemic under a strict lockdown, particularly among older individuals. Our analysis of the mechanisms behind the detected decrease in generosity suggests that expectations about others’ behavior, perceived mortality risk, and (alarming) information play a key—but independent—role for behavioral adaptation. These results indicate that social behavior is quickly adjusted in response to the pandemic environment.

Save your pennies – People became more stingy when the pandemic struck, particularly older adults. Spanish participants were asked how much of a potential cash prize they would donate to charity in two sessions during the initial explosive growth of the Covid-19 pandemic in March 2020. The amount donated by the over-40s decreased significantly in the second study cohort and suggests social behaviour adjusted rapidly in response to the pandemic.

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Research The Royal Society, Web page Please link to the article in online versions of your report (the URL will go live after the embargo ends).
Journal/
conference:
Royal Society Open Science
Research:Paper
Organisation/s: Universidad Loyola Andalucía, Universidad del Pais Vasco, Spain
Funder: Financial support from MINECO-FEDER (PGC2018-093506-B-I00, PID2019-106146GB-I00 and PID2019- 108718GB-I00), Excelencia—Andalucía (PY18-FR-0007), the Basque government (IT1336-19) and GAČR (17-25222S) is gratefully acknowledged. Antonio Espín acknowledges funding from the European Union’s Horizon 2020 research and innovation program under the Marie Skłodowska-Curie grant agreement no. 754446 and UGR Research and Knowledge Transfer Fund – Athenea3i.
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