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The Effect of Regulatory Focus on Estimating Value of Unfamiliar Currency Owned by Self or Others

나-타인 소유의 낯선 화폐 가치 추정에 조절초점이 미치는 영향

  • Received : 2021.01.04
  • Accepted : 2021.07.01
  • Published : 2021.09.30

Abstract

Because of self-enhancement motives, when involved in social comparison, many people generally value things that are related to themselves, with the representative example being possessions, which is known as the endowment (ownership) effect. However, there are times when someone else's possessions appear to be better than our own, even if they are the same things, which is known as the endowment effect reversal. The purpose of this study was to explore the moderating variable that regulates the endowment effect and the endowment effect reversal by confirming whether the value estimation of others' belongings differed through a regulatory focus as it was surmised that the regulatory focus would moderate the endowment effect of the self versus the others' ownership. Foreign participants were shown the currency of a country they were unfamiliar with and asked to estimate the value in their home country currency. It was found that when people thought the money was their own, people with a promotion focus estimated the value to be higher than people with a prevention focus. However, when they thought it was someone else's money, the regulatory focus moderating effect was not found to be significant, which suggested that the endowment effect may be strengthened or eliminated depending on the individual's regulatory focus. Based on these study results, the implications, limitations, and suggestions for follow-up studies are discussed.

일반적으로 사람들은 자기고양 동기로 인해 나와 관련된 것을 더 좋게 평가하는 것으로 알려져 있으며, 대표적인 예시로 소유효과가 있다. 하지만 우리는 경험을 통해 동일한 물건이어도 내 것보다 타인의 것이 더 좋아 보일 때가 있다는 것을 알고 있다. 최근 연구들은 이러한 현상을 소유효과의 역전 현상이라 설명한다. 본 연구는 나-타인 소유물에 대한 가치 추정이 개인의 조절초점 성향을 통해 달라지는지 확인함으로써 소유효과와 소유효과의 역전 현상을 조절하는 심리학적 변인을 탐색해 보고자 하였다. 이에 따라 지각된 이득과 손실에 대한 관점이 다르다고 알려진 개인의 조절초점 성향이 나-타인 소유주에 따른 소유효과를 조절할 것으로 예상하였으며, 외국인 참가자를 대상으로 익숙하지 않은 타 국가의 화폐를 보여주고 돈의 가치를 모국의 화폐 가치로 추정하도록 하였다. 그 결과, 예방초점 성향이 높은 사람들보다 향상초점 성향이 높은 사람들이 더 돈의 가치를 높게 추정하는 것으로 나타났다. 하지만 내가 아닌 다른 사람의 돈이라고 생각했을 때는 조절초점 성향의 조절효과가 유의하지 않았다. 이는 조절초점이라는 개인차 수준에 따라 소유효과가 더 강하게 나타날 수도 있고, 사라질 수도 있다는 것을 시사한다. 연구 결과를 바탕으로 연구의 의의, 한계점 및 후속 연구에 대해 논의하였다.

Keywords

Acknowledgement

이 논문은 2020년도 광운대학교 교내학술연구비 지원으로 연구되었음.

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