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CONICET Digital
Article . 2022
License: CC BY
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The globalizability of temporal discounting

Authors: Ruggeri, Kai; Panin, Amma; Vdovic, Milica; Većkalov, Bojana; Abdul Salaam, Nazeer; Achterberg, Jascha; Akil, Carla; +23 Authors

The globalizability of temporal discounting

Abstract

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 (N = 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.

Fil: Navajas Ahumada, Joaquin Mariano. Universidad Torcuato Di Tella; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina

Fil: Aquino, Sibele D.. Pontifícia Universidade Católica do Rio de Janeiro; Brasil. Laboratory of Research in Social Psychology; Brasil

Fil: Amatya, Kanchan. Organización de las Naciones Unidas. Unicef. Fondo de las Naciones Unidas para la Infancia; Argentina

Fil: Achterberg, Jascha. Mrc Cognition And Brain Sciences Unit; Reino Unido. University of Cambridge; Reino Unido

Fil: Ruggeri, Kai. Columbia University; Estados Unidos. University of Cambridge; Reino Unido

Fil: Bibilouri, Katherine. Sciencespo Paris; Francia. Columbia University; Estados Unidos

Fil: Askelund, Adrian Dahl. University of Oslo; Noruega. Nic Waals Institute; Noruega

Fil: Mejía, Genaro Basulto. Centro de Investigación y Docencia Económica; México

Fil: Burghart, Matthias. University Of Konstanz (university Of Konstanz);

Country
Argentina
Keywords

DECISION MAKING, https://purl.org/becyt/ford/5.1, TEMPORAL DISCOUNTING, https://purl.org/becyt/ford/3.1, ECONOMY, https://purl.org/becyt/ford/5, https://purl.org/becyt/ford/3, FINANCIAL CHOICES

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
Green