The globalizability of temporal discounting
Ruggeri, Kai; Panin, Amma; Vdovic, Milica; Većkalov, Bojana; Abdul-Salaam, Nazeer; Achterberg, Jascha; Akil, Carla; Amatya, Jolly; Amatya, Kanchan; Andersen, Thomas Lind; +161 more...Aquino, Sibele D.; Arunasalam, Arjoon; Ashcroft-Jones, Sarah; Askelund, Adrian Dahl; Ayacaxli, Nélida; Sheshdeh, Aseman Bagheri; Bailey, Alexander; Barea Arroyo, Paula; Mejía, Genaro Basulto; Benvenuti, Martina; Berge, Mari Louise; Bermaganbet, Aliya; Bibilouri, Katherine; Bjørndal, Ludvig Daae; Black, Sabrina; Lyshol, Johanna K.Blomster; Brik, Tymofii; Buabang, Eike Kofi; Burghart, Matthias; Bursalıoğlu, Aslı; Buzayu, Naos Mesfin; Čadek, Martin; de Carvalho, Nathalia Melo; Cazan, Ana Maria; Çetinçelik, Melis; Chai, Valentino E.; Chen, Patricia; Chen, Shiyi; Clay, Georgia; D’Ambrogio, Simone; Damnjanović, Kaja; Duffy, Grace; Dugue, Tatianna; Dwarkanath, Twinkle; Envuladu, Esther Awazzi; Erceg, Nikola; Esteban-Serna, Celia; Farahat, Eman; Farrokhnia, R. A.; Fawad, Mareyba; Fedryansyah, Muhammad; Feng, David; Filippi, Silvia; Fonollá, Matías A.; Freichel, René; Freira, Lucia; Friedemann, Maja; Gao, Ziwei; Ge, Suwen; Geiger, Sandra J.; George, Leya; Grabovski, Iulia; Gracheva, Aleksandra; Gracheva, Anastasia; Hajian, Ali; Hasan, Nida; Hecht, Marlene; Hong, Xinyi; Hubená, Barbora; Ikonomeas, Alexander Gustav Fredriksen; Ilić, Sandra; Izydorczyk, David; Jakob, Lea; Janssens, Margo; Jarke, Hannes; Kácha, Ondřej; Kalinova, Kalina Nikolova; Kapingura, Forget Mingiri; Karakasheva, Ralitsa; Kasdan, David Oliver; Kemel, Emmanuel; Khorrami, Peggah; Krawiec, Jakub M.; Lagidze, Nato; Lazarević, Aleksandra; Lazić, Aleksandra; Lee, Hyung Seo; Lep, Žan; Lins, Samuel; Lofthus, Ingvild Sandø; Macchia, Lucía; Mamede, Salomé; Mamo, Metasebiya Ayele; Maratkyzy, Laura; Mareva, Silvana; Marwaha, Shivika; McGill, Lucy; McParland, Sharon; Melnic, Anișoara; Meyer, Sebastian A.; Mizak, Szymon; Mohammed, Amina; Mukhyshbayeva, Aizhan; Navajas, Joaquin; Neshevska, Dragana; Niazi, Shehrbano Jamali; Nieves, Ana Elsa Nieto; Nippold, Franziska; Oberschulte, Julia; Otto, Thiago; Pae, Riinu; Panchelieva, Tsvetelina; Park, Sun Young; Pascu, Daria Stefania; Pavlović, Irena; Petrović, Marija B.; Popović, Dora; Prinz, Gerhard M.; Rachev, Nikolay R.; Ranc, Pika; Razum, Josip; Rho, Christina Eun; Riitsalu, Leonore; Rocca, Federica; Rosenbaum, R. Shayna; Rujimora, James; Rusyidi, Binahayati; Rutherford, Charlotte; Said, Rand; Sanguino, Inés; Sarikaya, Ahmet Kerem; Say, Nicolas; Schuck, Jakob; Shiels, Mary; Shir, Yarden; Sievert, Elisabeth D.C.; Soboleva, Irina; Solomonia, Tina; Soni, Siddhant; Soysal, Irem; Stablum, Federica; Sundström, Felicia T.A.; Tang, Xintong; Tavera, Felice; Taylor, Jacqueline; Tebbe, Anna Lena; Thommesen, Katrine Krabbe; Tobias-Webb, Juliette; Todsen, Anna Louise; Toscano, Filippo; Tran, Tran; Trinh, Jason; Turati, Alice; Ueda, Kohei; Vacondio, Martina; Vakhitov, Volodymyr; Valencia, Adrianna J.; Van Reyn, Chiara; Venema, Tina A.G.; Verra, Sanne E.; Vintr, Jáchym; Vranka, Marek A.; Wagner, Lisa; Wu, Xue; Xing, Ke Ying; Xu, Kailin; Xu, Sonya; Yamada, Yuki; Yosifova, Aleksandra; Zupan, Zorana; and García-Garzon, Eduardo
The globalizability of temporal discounting
Nature Human Behaviour, 6 (10).
1386 - 1397.
ISSN 2397-3374
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.
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