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Crisp bills make you spend less

People tend to spend worn bills faster to get rid of them but are more likely to hold on to crisp new currency, according to a new study

world Updated: Nov 15, 2012 02:03 IST

Crisp bills make you spend less
Washington: People tend to spend worn bills faster to get rid of them but are more likely to hold on to crisp new currency, according to a new study.

But when they think they’re being watched, pride kicks in and they pull out crisp bills to show off.

“The physical appearance of money can alter spending behaviour. Consumers tend to infer that worn bills are used and contaminated, whereas crisp bills give them a sense of pride in owning bills that can be spent around others,” write authors Fabrizio Di Muro (University of Winnipeg) and Theodore J. Noseworthy (University of Guelph). ANI

Mail becoming obsolete
London: The number of people who write letters has fallen by 30% in just two years, a new survey has revealed.
About 17% of those surveyed said that they use email and text messages more than they did in 2010, while 30% reported writing fewer letters and posting fewer parcels.
Among those communications regulator Ofcom categorised as the most technology savvy, letter writing fell by up to 38%. ani

Fat tax on nutella sparks off row
London: France’s Socialist government plans to quadruple taxes on products containing palm oil, arguing that its production is detrimental to the environment and its consumption is fuelling obesity.
Around 20% of Nutella, the sweet and sickly staple of many a French schoolchild’s breakfast, is palm oil. Little wonder then that government threats to impose a fat tax, known as the ‘Nutella amendment’, have sparked an international row.
On Monday, the Malaysian Palm Oil Council criticised French claims that palm oil was detrimental to the environment and fuelling obesity.

Nutella makers Ferrero (of Ferrero Rocher chocolates fame) have also moved to reassure its customers in France, insisting that there would be no change in the recipe.

“Even if the tax is passed, we’re not planning to change our recipe,” Frederic Thil, French director of the Italian company, said. GNS

Oxytocin makes men faithful
Washington: Men in committed relationships who are given the hormone oxytocin choose to keep distance from an attractive women they have just met, according to new research.

The findings suggest oxytocin may help promote fidelity within monogamous relationships.
The hormone, which is produced in a region of the brain called the hypothalamus, is also involved in the formation of social bonds.

In humans and other animals, this brain chemical is known to promote bonds between parents and children, and between couples. ANI