Thursday, April 30, 2020

Win–win Denial: The Psychological Underpinnings of Zero-sum Thinking

Johnson, Samuel G. B., Jiewen Zhang, and Frank Keil. 2020. “Win–win Denial: The Psychological Underpinnings of Zero-sum Thinking.” PsyArXiv. April 30. psyarxiv.com/efs5y

Abstract: A core proposition in economics is that voluntary exchanges benefit both parties. We show that people often deny the mutually beneficial nature of exchange, instead espousing the belief that one or both parties fail to benefit from the exchange. Across 4 studies (and 7 further studies in the Supplementary Materials), participants read about simple exchanges of goods and services, judging whether each party to the transaction was better off or worse off afterwards. These studies revealed that win–win denial is pervasive, with buyers consistently seen as less likely to benefit from transactions than sellers. Several potential psychological mechanisms underlying win–win denial are considered, with the most important influences being mercantilist theories of value (confusing wealth for money) and naïve realism (failing to observe that people do not arbitrarily enter exchanges). We argue that these results have widespread implications for politics and society.

Check also The politics of zero-sum thinking: The relationship between political ideology and the belief that life is a zero-sum game. Shai Davidai, Martino Ongis. Science Advances Dec 18 2019, Vol. 5, no. 12, eaay3761. https://www.bipartisanalliance.com/2019/12/liberals-exhibit-zero-sum-thinking-when.html

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