Deciding between Domains: How Borrowers Weigh Market and Interpersonal Options

Rourke O’Brien, Adam Hayes, Barbara Kiviat

Research output: Contribution to journalArticlepeer-review


Individuals routinely satisfy borrowing needs by transacting in the market or by relying on social relations. In the market domain, price logic leads borrowers to choose the cheaper option; in the interpersonal domain, role-matching logic leads borrowers to choose the relation best matched to the act. But how do individuals choose when faced with options from each domain? Drawing on theories in economic sociology that assert the economic and the social are mutually constitutive, we posit that when market and interpersonal options appear in the same choice set, the characteristics of one option inflect how people assess the other. Through two survey experiments, we show that price sensitivity toward the market option is less when the interpersonal option is role mismatched and that concerns about interpersonal borrowing changing or damaging the relationship attenuate when the market option is expensive. We discuss the implications for studies of stratification and financial decision-making.

Original languageAmerican English
Pages (from-to)327-350
Number of pages24
JournalSocial Psychology Quarterly
Issue number4
StatePublished - Dec 2022


  • borrowing
  • credit
  • decision-making
  • economic sociology

All Science Journal Classification (ASJC) codes

  • Social Psychology


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