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Loved people place lower value on material goods

News18

First published: March 5, 2011, 12:20 PM IST | Updated: March 5, 2011
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Loved people place lower value on material goods
People who are accepted by others place lesser monetary value on their possessions.

Washington: People who are loved and accepted by others feel so secure that they place lesser monetary value on their possessions that those who are not.

The research was conducted by Edward Lemay, assistant professor of psychology at the University of New Hampshire and colleagues from Yale University, the Journal of Experimental Psychology reports.

Researchers conducted experiments to gauge how much people valued specific items, such as a blanket and a pen, according to a New Hampshire statement.

Some people who did not feel secure valued an item five times greater than its valuation by more secure people.

"People value possessions, in part, because they afford a sense of protection, insurance, and comfort," Lemay says.

"But what we found was that if people already have a feeling of being loved and accepted by others, which also can provide a sense of protection, insurance, and comfort, those possessions decrease in value," Lemay added.

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