The lost walletROEN

An experiment in 40 countries

The lost wallet: 17,303 wallets handed in at reception desks in 40 countries, and how many came back

An experiment published in Science in 2019 left 17,303 wallets "found on the street" at the front desks of banks, hotels, museums, post offices and public offices in 40 countries, then counted how many got back to their owner within 100 days. 1,200 of them were handed in across the UK in 2013. Watch them come back, then guess what money changes.

The owner's inbox

How it worked: in September 2013, at front desks in 23 UK cities, a stranger put a transparent business-card case on the counter, said they had found it on the street just around the corner and were in a hurry: "Somebody must have lost it… Can you please take care of it?" Then they left, giving no contact details. Inside you could see:

  • 3 business cards: David Brown, with an email address
  • the list: milk, bread, pasta, bananas
  • a key
  • and, in some wallets, £8.50 or £58.50

200 wallets with no money in them were handed in across the UK. Each rectangle below is one of them; it turns blue when the owner receives the email, at the moment recorded in the experiment. Time runs faster as it goes: the first minute, then hours, then days, up to 100.

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The owner's inbox—

    All 40 countries

    Money raised the number of wallets that came back in 38 of the 40 countries, and clearly lowered it in none. Across all of them, from 40% to 51%. The differences between countries are large, but not all are certain: with about 200 wallets per condition, each percentage has a margin of several points, drawn as a band around the dot. Tap a country to see its numbers.

    no moneywith money

    With seven times the money

    In the United States, the United Kingdom and Poland the researchers went further: some wallets held US$94.15, seven times as much. Even more came back: 46% with no money, 61% with $13.45, 72% with $94.15.

    Wallets that came back in the US, UK and Poland, by what was inside0%25%50%75%100%46%no money61%$13.4572%$94.1554%$13.45, no key
    Wallets that came back in the US, UK and Poland, by what was inside; lines show the 95% interval.

    Other wallets held the money but no key. A key is worth nothing to the finder, only to the owner. Without it 54% came back, 7 points fewer than with a key (95% interval: 2 to 12 points; the authors' adjusted estimate is 9.2). So people were also thinking of the trouble of the person who lost it.

    Why money makes the wallet come back

    The authors asked people in the same three countries how much keeping a wallet with each set of contents would feel like stealing. The more money there was, the more keeping it felt like stealing. Without the key, with the same money, the feeling did not change measurably. Their explanation has two parts: care for the owner, which grows with what was lost, and not wanting to see yourself as a thief, which grows with the money.

    Few people expected this. Asked to guess the US result, 299 people thought on average that 73% of the wallets with no money would come back, 65% with $13.45 and 55% with $94.15; 64% of them picked the wrong direction. Of 279 economists, 49% also picked the wrong direction and only 29% the right one.

    What people guessed and what happened in the US0%25%50%75%100%no money$13.45$94.1566% · what happened55% · what 299 people guessed
    What people guessed and what happened in the US.

    What the experiment measures, and what it does not

    Method

    Sources