The globalizability of temporal discounting
Abstract
<jats:title>Abstract</jats:title><jats:p>Economic inequality is associated with preferences
for smaller, immediate gains over larger, delayed ones. Such temporal discounting
may feed into rising global inequality, yet it is unclear whether it is a function
of choice preferences or norms, or rather the absence of sufficient resources for
immediate needs. It is also not clear whether these reflect true differences in choice
patterns between income groups. We tested temporal discounting and five intertemporal
choice anomalies using local currencies and value standards in 61 countries (<jats:italic>N</jats:italic> = 13,629).
Across a diverse sample, we found consistent, robust rates of choice anomalies. Lower-income
groups were not significantly different, but economic inequality and broader financial
circumstances were clearly correlated with population choice patterns.</jats:p>
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https://hdl.handle.net/10161/25483Published Version (Please cite this version)
10.1038/s41562-022-01392-wPublication Info
(n.d.). The globalizability of temporal discounting. Nature Human Behaviour. 10.1038/s41562-022-01392-w. Retrieved from https://hdl.handle.net/10161/25483.This is constructed from limited available data and may be imprecise. To cite this
article, please review & use the official citation provided by the journal.
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Irina Soboleva
Assistant Professor of Behavioral Science at Duke Kunshan University
Professor Soboleva specializes in the behavioral and psychological drivers of civic
and political ambition. Her research targets civic engagement in developing countries,
reframes traditional approaches to democracy promotion, and evaluates behavioral solutions
to improving individual efficacy. She is a member of the Editorial Board of the Journal
of Social and Political Psychology and welcomes research collaborations in the areas
of political psychology and behavioral public policy.
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