More Money, More Trust? Target and Observer Differences in the Effectiveness of Financial Overcompensation to Restore Trust.
Psychol Belg 2014;
54:389-394. [PMID:
30479410 PMCID:
PMC5854215 DOI:
10.5334/pb.ay]
[Citation(s) in RCA: 3] [Impact Index Per Article: 0.3] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Indexed: 11/20/2022] Open
Abstract
Recent research revealed that despite its financial costs, overcompensation is
not more effective to restore trust in the perpetrator than equal compensation.
In a lab experiment (N = 115), we compared the effects of these compensation
sizes for both targets of the compensation and non-involved observers. It was
revealed that overcompensation did not yield superior outcomes than equal
compensation. Specifically, for targets overcompensation resulted in lower
levels of trust than equal compensation, while for observers equal compensation
and overcompensation resulted in similar levels of trust. This finding suggests
that overcompensation is not a cost-effective trust repair strategy, neither for
the targets nor for third party observers. Other implications are discussed as
well.
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