Suggesting Finance
No Result
View All Result
  • Login
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
Subscribe For Alerts
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
No Result
View All Result
Suggesting Finance
No Result
View All Result
Home Finance

Why People Want To Be Ignorant — So They Can Be Selfish

News Room by News Room
November 1, 2023
Reading Time: 3 mins read
0
Why People Want To Be Ignorant — So They Can Be Selfish

In considering and studying inequality, researchers, philosophers, and others look at many factors, such as initial and accumulated advantages, sociological edges, favors from affinity groups, institutional power, and even protection by systemic bias and inertia.

But a couple of weeks ago, new research in the journal Psychological Bulletin, published by the American Psychological Association (APA), pointed to another factor: ignorance.

Ignorance can come from an innate lack of awareness or of data and information, a lack of education, or an inability to grasp a fact or line of logic. That isn’t the mental state the study considered. The researchers from the University of Amsterdam, Max Planck Institute for Human Development, and Tilburg University had something else in mind, which was willful ignorance.

“Willful ignorance emerges in situations where a decision maker’s interest may conflict with someone else’s interests,” the authors wrote.

The researchers had three objectives:

1. Undertake an overview of the variations of the studied.

2. Help better understand the psychological drivers involved in the decisions.

3. Analyze how strong willful ignorance might be.

A meta-analysis of 22 research studies, with a total of 6,531 participants, conducted either in research laboratories or online, weren’t exactly the same, but they shared something. Participants would have to make a choice and their choice would affect another person.

The rough structure of the experiment was that participants were paired randomly and anonymously. One could decide to take one amount of money ($5) or another ($6). If they chose the $5 reward, the other person would get the same sum. If they took the $6, the second person received $1.

Each study divided the participants into two groups. In one, each person was informed of the consequence of their action before they took it. The other group had to option to learn the consequence or not before making their choice.

Of those who were automatically told in advance the consequence of their choice — the control group — 74% acted altruistically, forgoing the extra dollar so each got the same amount.

Across all the studies, when people were given the option to know or not know the consequences of their actions — they knew there was a chance a choice might or might not mean leaving someone else at a disadvantage — 40% chose not to know. People who chose to learn the consequence of their actions in advance were 15.6 percentage points more likely to be generous to the paired participant when told the consequences of their actions in advance compared to those who chose to be ignorant.

Also, people who chose to learn the consequences were 7 percentage points more likely to be generous than participants who were automatically told.

The researchers concluded that one reason for willful ignorance is because people want a self-image of being an altruistic person, even though they knew there was a possibility that someone else might be negatively affected.

“While most people are willing to do the right thing when they are fully informed of the consequences of their actions, this willingness is not always because people care for others,” said one of the authors, Shaul Shalvi, a PhD candidate at the University of Amsterdam, in prepared remarks. “A part of the reasons why people act altruistically is due to societal pressures as well as their desire to view themselves in a good light. Since being righteous is often costly, demanding people to give up their time, money and effort, ignorance offers an easy way out.”

Presumably, as the stakes get larger, the percentages of people who want to remain ignorant might grow.

Ignorance may or may not be bliss, according to the old saying, but it can make profitability a lot more comfortable.

Read the full article here

ShareTweetSendSend

Related Posts

What’s worth streaming in March 2025: ‘Daredevil,’ John Mulaney, March Madness and more
Finance

What’s worth streaming in March 2025: ‘Daredevil,’ John Mulaney, March Madness and more

March 6, 2025
Why Trump’s ‘gold card’ visa program could make the pricey U.S. housing market even more expensive
Finance

Why Trump’s ‘gold card’ visa program could make the pricey U.S. housing market even more expensive

March 5, 2025
Mystery surrounds Gene Hackman’s $4 million Santa Fe compound as police investigate ‘suspicious’ deaths
Finance

Mystery surrounds Gene Hackman’s $4 million Santa Fe compound as police investigate ‘suspicious’ deaths

March 4, 2025
Kia’s new rapid-charging EV4: Whatever it is, it could it be the first real electric alternative to Civics and Corollas
Finance

Kia’s new rapid-charging EV4: Whatever it is, it could it be the first real electric alternative to Civics and Corollas

March 3, 2025
I’m a 42-year-old father with a $210,000 investment property. Can I leave it to my daughter without triggering a large capital-gains tax?
Finance

I’m a 42-year-old father with a $210,000 investment property. Can I leave it to my daughter without triggering a large capital-gains tax?

March 5, 2024
After Travis Kelce’s Super Bowl–sized meltdown, here’s how to keep your cool on the job
Finance

After Travis Kelce’s Super Bowl–sized meltdown, here’s how to keep your cool on the job

March 4, 2024

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Suggesting Finance

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Visit our landing page to see all features & demos.

LEARN MORE »

Recent Posts

  • Trump calls for Fed governor's resignation as ally requests DOJ probe
  • Trump admin launches comprehensive federal review targeting state laws that hurt national economy
  • Air Canada reaches tentative deal with flight attendants, to resume operations

Categories

  • Banking
  • Business
  • Credit Cards
  • Crypto
  • Economy
  • Finance
  • Investing
  • Loans
  • Markets
  • Mortgage
  • Real Estate
  • Saving
  • Taxes
  • Uncategorized
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact

© 2023 Suggesting Finance. All Rights Reserved.

No Result
View All Result
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto

© 2023 Suggesting Finance. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.