Turns out ‘dirty money’ does bother people

People tend to view money through a moral lens and are more likely to turn down or donate stolen bills and coins than 'clean' cash, a new study has found. Classic economics suggests that the only thing that matters about money is its amount, not what it looks like or where it has been. However, researchers from Yale and the University of Michigan show that people evaluate money based on its moral history. 'People seem to believe that money inherits moral valence from its past,' said Arber Tasimi, a graduate student in the Yale Department of Psychology and lead author of the study appearing Dec. 19 in the journal Cognitive Science. Across eight experiments with more than 1,000 participants, Tasimi and co-author Susan Gelman of the University of Michigan asked people how much they wanted money described in five different scenarios. Two of these scenarios established the participants' baseline attitudes towards money.