University of Twente Student Theses


Cryptocurrencies and honesty

Formella, Julian (2019) Cryptocurrencies and honesty.

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Abstract:How can you steal something that technically “isn’t there”? A valid thought, when it comes to electronic payments and currencies, but no place is safe if fraud is involved. In order to extend current research on dishonesty, with the help of the modern context of cryptocurrencies, the self-concept maintenance theory was adapted and extended with effort as a form of moral reminder. This theory was tested in an experimental setup. Non-effort and effort participants completed cryptocurrency tasks, a questionnaire, and an anonymous dicein- a-cup task, in order to test the hypothesis, that effort would lead to a reduction of dishonesty. Results revealed no significant influence of effort on dishonesty, which was related to the small sample size of the study. Nonetheless, tendencies were made visible, that the level effort in the study was not enough to influence one’s honesty. Therefore, a psychological, deeper feeling of effort would potentially have led to a stronger connection of the participants to the created objects and thus to a reduction of dishonesty.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:77 psychology
Programme:Psychology BSc (56604)
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