PRESS-NEWS.org - Press Release Distribution
PRESS RELEASES DISTRIBUTION

Markets erode moral values

Researchers from the Universities of Bamberg and Bonn present causal evidence on how markets affect moral values

2013-05-10
(Press-News.org) Many people express objections against child labor, exploitation of the workforce or meat production involving cruelty against animals. At the same time, however, people ignore their own moral standards when acting as market participants, searching for the cheapest electronics, fashion or food. Thus, markets reduce moral concerns. This is the main result of an experiment conducted by economists from the Universities of Bonn and Bamberg. The results are presented in the latest issue of the renowned journal "Science".

Prof. Dr. Armin Falk from the University of Bonn and Prof. Dr. Nora Szech from the University of Bamberg, both economists, have shown in an experiment that markets erode moral concerns. In comparison to non-market decisions, moral standards are significantly lower if people participate in markets.

In markets, people ignore their individual moral standards

"Our results show that market participants violate their own moral standards," says Prof. Falk. In a number of different experiments, several hundred subjects were confronted with the moral decision between receiving a monetary amount and killing a mouse versus saving the life of a mouse and foregoing the monetary amount. "It is important to understand what role markets and other institutions play in moral decision making. This is a question economists have to deal with," says Prof. Szech.

"To study immoral outcomes, we studied whether people are willing to harm a third party in exchange to receiving money. Harming others in an intentional and unjustified way is typically considered unethical," says Prof. Falk. The animals involved in the study were so-called "surplus mice", raised in laboratories outside Germany. These mice are no longer needed for research purposes. Without the experiment, they would have all been killed. As a consequence of the study many hundreds of young mice that would otherwise all have died were saved. If a subject decided to save a mouse, the experimenters bought the animal. The saved mice are perfectly healthy and live under best possible lab conditions and medical care.

Simple bilateral markets affect moral decisions

A subgroup of subjects decided between life and money in a non-market decision context (individual condition). This condition allows for eliciting moral standards held by individuals. The condition was compared to two market conditions in which either only one buyer and one seller (bilateral market) or a larger number of buyers and sellers (multilateral market) could trade with each other. If a market offer was accepted a trade was completed, resulting in the death of a mouse. Compared to the individual condition, a significantly higher number of subjects were willing to accept the killing of a mouse in both market conditions. This is the main result of the study. Thus markets result in an erosion of moral values. "In markets, people face several mechanisms that may lower their feelings of guilt and responsibility," explains Nora Szech. In market situations, people focus on competition and profits rather than on moral concerns. Guilt can be shared with other traders. In addition, people see that others violate moral norms as well.

"If I don't buy or sell, someone else will."

In addition, in markets with many buyers and sellers, subjects may justify their behavior by stressing that their impact on outcomes is negligible. "This logic is a general characteristic of markets," says Prof. Falk. Excuses or justifications appeal to the saying, "If I don't buy or sell now, someone else will." For morally neutral goods, however, such effects are of minor importance. Nora Szech explains: "For goods without moral relevance, differences in decisions between the individual and the market conditions are small. The reason is simply that in such cases the need to share guilt or excuse behavior is absent."

### Publication: Morals and Markets, Science, DOI: 10.1126/science.1231566

Contact:

Prof. Dr. Armin Falk
University of Bonn
Institute for Applied Microeconomics
Ph.: +49 228 739 240
Email: armin.falk@uni-bonn.de

Prof. Dr. Nora Szech
University of Bamberg
Department of Economics
Ph.: +49 951 863-2637
Email: nora.szech@uni-bamberg.de


ELSE PRESS RELEASES FROM THIS DATE:

Perfectly doped quantum dots yield colors to dye for

2013-05-10
Quantum dots are tiny nanocrystals with extraordinary optical and electrical properties with possible uses in dye production, bioimaging, and solar energy production. Researchers at the University of Illinois at Chicago have developed a way to introduce precisely four copper ions into each and every quantum dot. The introduction of these "guest" ions, called doping, opens up possibilities for fine-tuning the optical properties of the quantum dots and producing spectacular colors. "When the crystallinity is perfect, the quantum dots do something that no one expected--they ...

Background noise in the operating room can impair surgical team communication

2013-05-10
Chicago (May 10, 2013): Ambient background noise—whether it is the sound of loud surgical equipment, talkative team members, or music—is a patient and surgical safety factor that can affect auditory processing among surgeons and the members of their team in the operating room (OR), according to a new study that appears in the May issue of the Journal of the American College of Surgeons. The findings are the first to demonstrate that a surgeon's ability to understand spoken words in the OR is directly affected by noise in the environment. "The operating room is a very ...

Ice-free Arctic may be in our future, say UMass-Amherst, international researchers

2013-05-10
This news release is available in German. AMHERST, Mass., USA; COLOGNE, Germany; MAGADAN, Russia – Analyses of the longest continental sediment core ever collected in the Arctic, recently completed by an international team led by Julie Brigham-Grette of the University of Massachusetts Amherst, provide "absolutely new knowledge" of Arctic climate from 2.2 to 3.6 million years ago. "While existing geologic records from the Arctic contain important hints about this time period, what we are presenting is the most continuous archive of information about past ...

Experience leads to the growth of new brain cells

2013-05-10
The DFG-Center for Regenerative Therapies Dresden - Cluster of Excellence at the TU Dresden (CRTD), the Dresden site of the German Center for Neurodegenerative Diseases (DZNE), and the Max Planck Institute for Human Development in Berlin played a pivotal role in the study. The adult brain continues to grow with the challenges that it faces; its changes are linked to the development of personality and behavior. But what is the link between individual experience and brain structure? Why do identical twins not resemble each other perfectly even when they grew up together? ...

Bacterial infection in mosquitoes renders them immune to malaria parasites

2013-05-10
Scientists funded by the National Institute of Allergy and Infectious Diseases (NIAID), part of the National Institutes of Health, have established an inheritable bacterial infection in malaria-transmitting Anopheles mosquitoes that renders them immune to malaria parasites. Specifically, the scientists infected the mosquitoes with Wolbachia, a bacterium common among insects that previously has been shown to prevent malaria-inducing Plasmodium parasites from developing in Anopheles mosquitoes. Before now, researchers had been unable to create mosquitoes with a stable Wolbachia ...

Water on moon, Earth have a common source

2013-05-10
PROVIDENCE, R.I. [Brown University] —Water inside the Moon's mantle came from primitive meteorites, new research finds, the same source thought to have supplied most of the water on Earth. The findings raise new questions about the process that formed the Moon. The Moon is thought to have formed from a disc of debris left when a giant object hit the Earth 4.5 billion years ago, very early in Earth's history. Scientists have long assumed that the heat from an impact of that size would cause hydrogen and other volatile elements to boil off into space, meaning the Moon must ...

Pets may help reduce your risk of heart disease

2013-05-10
Having a pet might lower your risk of heart disease, according to a new American Heart Association scientific statement. The statement is published online in the association's journal Circulation. "Pet ownership, particularly dog ownership, is probably associated with a decreased risk of heart disease" said Glenn N. Levine, M.D., professor at Baylor College of Medicine in Houston, Texas, and chair of the committee that wrote the statement after reviewing previous studies of the influence of pets. Research shows that: Pet ownership is probably associated with a reduction ...

NIH scientists create new tool for identifying powerful HIV antibodies

2013-05-10
A team of NIH scientists has developed a new tool to identify broadly neutralizing antibodies (bNAbs) capable of preventing infection by the majority of HIV strains found around the globe, an advance that could help speed HIV vaccine research. Scientists have long studied HIV-infected individuals whose blood shows powerful neutralization activity because understanding how HIV bNAbs develop and attack the virus can yield clues for HIV vaccine design. But until now, available methods for analyzing blood samples did not easily yield specific information about the HIV bNAbs ...

Where on Earth did the moon's water come from?

2013-05-10
Washington, D.C.— Water is perhaps the most important molecule in our solar system. Figuring out where it came from and how it was distributed within and among the planets can help scientists understand how planets formed and evolved. New research from a team including Carnegie's Erik Hauri demonstrates that water from the interiors of the Earth and Moon has a common origin. Their work is published online in Science Express. The Moon is thought to have formed from a disc of debris left when a Mars-sized impactor hit the Earth 4.5 billion years ago, the Giant Impact. ...

Air pollution increases risk of insulin resistance in children

2013-05-10
New research shows that growing up in areas where air pollution is increased raises the risk of insulin resistance (the prescursor to diabetes) in children. The research is published in Diabetologia, the journal of the European Association for the Study of Diabetes (EASD), and is by Elisabeth Thiering and Joachim Heinrich, Helmholtz Zentrum München, Neuherberg, Germany, and colleagues. Previous studies have identified links between air pollution and other chronic conditions such as atherosclerosis and heart disease. However to date, epidemiological studies that have ...

LAST 30 PRESS RELEASES:

Brain stimulation can boost math learning in people with weaker neural connections

Inhibiting enzyme could halt cell death in Parkinson’s disease, study finds

Neurotechnology reverses biological disadvantage in maths learning

UNDER EMBARGO: Neurotechnology reverses biological disadvantage in maths learning

Scientists target ‘molecular machine’ in the war against antimicrobial resistance

Extending classical CNOP method for deep-learning atmospheric and oceanic forecasting

Aston University research: Parents should encourage structure and independence around food to support children’s healthy eating

Thunderstorms are a major driver of tree death in tropical forests

Danforth Plant Science Center adds two new faculty members

Robotic eyes mimic human vision for superfast response to extreme lighting

Racial inequities and access to COVID-19 treatment

Residential segregation and lung cancer risk in African American adults

Scientists wipe out aggressive brain cancer tumors by targeting cellular ‘motors’

Capturability distinction analysis of continuous and pulsed guidance laws

CHEST expands Bridging Specialties Initiative to include NTM disease and bronchiectasis on World Bronchiectasis Day

Exposure to air pollution may cause heart damage

SwRI, UTSA selected by NASA to test electrolyzer technology aboard parabolic flight

Prebiotics might be a factor in preventing or treating issues caused by low brain GABA

Youngest in class at higher risk of mental health problems

American Heart Association announces new volunteer leaders for 2025-26

Gut microbiota analysis can help catch gestational diabetes

FAU’s Paulina DeVito awarded prestigious NSF Graduate Research Fellowship

Champions for change – Paid time off initiative just made clinical trials participation easier

Fentanyl detection through packaging

Prof. Eran Meshorer elected to EMBO for pioneering work in epigenetics

New 3D glacier visualizations provide insights into a hotter Earth

Creativity across disciplines

Consequences of low Antarctic sea ice

Hear here: How loudness and acoustic cues help us judge where a speaker is facing

A unique method of rare-earth recycling can strengthen the raw material independence of Europe and America

[Press-News.org] Markets erode moral values
Researchers from the Universities of Bamberg and Bonn present causal evidence on how markets affect moral values