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Studies on Moral Judgment and Cognition Involving Cryptocurrencies and Tax Evasion

Although new digital monetary instruments (e.g., cryptocurrencies) have emerged and proliferated, there is little academic research concerning consumer perspectives on these instruments or the effects of these instruments on consumers’ moral judgments. The present research addressed this gap in the literature by addressing the following research question: Is the morality of tax evasion judged differently when tax evasion is undertaken with cryptocurrency vs. traditional financial instruments (e.g., stocks)? In two online experiments, we exposed participants to a tax evasion scenario with either cryptocurrency or stock trading. The results of Study 1 showed that tax evasion is perceived as being less wrong when it is carried out with cryptocurrency trading rather than stock trading. Study 2 replicated Study 1 and tested an explanatory mediating mechanism hypothesized to underlie the main effect. A mediation analysis showed that the effect of cryptocurrency (vs. stock trading) on the perceived wrongness of tax evasion is partially mediated by the observer's positive (vs. negative) affective evaluation of the person committing tax evasion. This paper also discusses the theoretical, practical, and societal implications of the present results, including the likelihood that people's attitudes toward moral transgressions and crimes will be more lenient when these acts are conducted with new, innovative, and exciting instruments.

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Examining the Mediating Role of Challenge and Threat Appraisal Tendencies on the Relationships Between Mastery Imagery Ability, Perceived Stress and Proactive Coping

Given the associations between mastery imagery ability, challenge and threat appraisal tendencies, perceived stress and proactive coping, and the implications for health, this research utilised a two-study approach to assess these associations and was the first study to examine whether appraisal states had a mediating role on the relationships of mastery imagery ability with perceived stress and proactive coping. Study 1 used a sample of 148 participants (M age = 22.52, SD = 4.36 years) and Study 2 used a sample of 338 participants (M age = 19.26, SD = 1.58 years). Participants completed online questionnaires measuring mastery imagery ability, challenge and threat appraisal tendencies, perceived stress, and proactive coping. In Study 1, only threat appraisal mediated the relationship between mastery imagery ability and perceived stress. However, both challenge and threat appraisal mediated the relationship between mastery imagery ability and proactive coping. Study 2 results showed challenge appraisal also mediated these relationships, but threat appraisal played no mediating role. Both studies demonstrate the important mediatory role of stress appraisal states, and the role they can have in regulating stress, but further research is warranted to establish when one stress appraisal may mediate the relationship over the other.

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