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1. The globalizability of temporal discounting

Author

Ruggeri, Kai, Panin, Amma, Vdovic, Milica, Većkalov, Bojana, Abdul-Salaam, Nazeer, Achterberg, Jascha, Akil, Carla, Amatya, Jolly, Amatya, Kanchan, Andersen, Thomas Lind, 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

Published
2022
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2. The globalizability of temporal discounting

Author

Ludvig Daae Bjørndal, Lucia Freira, Johanna Blomster Lyshol, Felicia T. A. Sundström, Julia Oberschulte, Sonya Xu, Sandra J. Geiger, Genaro Basulto Mejía, Kohei Ueda, Joaquin Navajas, Anna Louise Todsen, Martin Čadek, Charlotte Rutherford, Aleksandra Gracheva, Kailin Xu, A. Nieto, Irina Soboleva, Tatianna M. Dugue, Silvia Filippi, Marek A. Vranka, Alexander Bailey, Franziska Nippold, Rand Said, Martina Benvenuti, Forget Mingiri Kapingura, Nikola Erceg, Nathalia Melo de Carvalho, Gerhard M. Prinz, James Rujimora, Metasebiya Ayele Mamo, Katherine Bibilouri, Hannes Jarke, David Feng, Kanchan Amatya, Emmanuel Kemel, Yuki Yamada, Sabrina Black, Aleksandra Lazarević, Thomas Lind Andersen, Dora Popović, Žan Lep, Volodymyr Vakhitov, Ziwei Gao, Jason Trinh, Anișoara Melnic, Alice Turati, Laura Maratkyzy, David Izydorczyk, Eike Kofi Buabang, Christina Eun Rho, Jakub Krawiec, Aliya Bermaganbet, Simone D'Ambrogio, Nikolay R. Rachev, Daria Stefania Pascu, Adrian Dahl Askelund, Sanne Verra, Dragana Neshevska, Mary Shiels, Thiago Otto, Kalina Nikolova Kalinova, Anna-Lena Tebbe, Nicolas Say, Shiyi Chen, Lisa Wagner, Salomé Mamede, Sandra Ilić, Peggah R. Khorrami, Milica Vdovic, Tymofii Brik, Grace Duffy, Mari Louise Berge, Muhammad Fedryansyah, Irem Soysal, Binahayati Rusyidi, Suwen Ge, David Kasdan, Amina Mohammed, Nida Hasan, Jáchym Vintr, Sebastian Meyer, Zorana Zupan, Hyung Seo Lee, Kai Ruggeri, Ingvild S. Lofthus, Anastasia Gracheva, Sibele Aquino, Chiara Van Reyn, René Freichel, Tran Tran, Tina Solomonia, Ondřej Kácha, Leya George, Kaja Damnjanović, Alexander Ikonomeas, Aleksandra Yosifova, Ana-Maria Cazan, Ke Ying Xing, Inés Sanguino, Melis Çetinçelik, Siddhant Soni, Elisabeth D. C. Sievert, Federica Rocca, Eman Farahat, Jacqueline Taylor, Jakob Jakob, Pika Ranc, Xinyi Hong, Nato Lagidze, Aizhan Mukhyshbayeva, Szymon Mizak, Aseman Bagheri Sheshdeh, Robert Farrokhnia, Celia Esteban-Serna, Silvana Mareva, Ali Hajian, Xue Wu, Esther Awazzi Envuladu, Ralitsa Karakasheva, Matthias Burghart, Valentino Chai, Marija Petrović, Irena Pavlović, Maja Friedemann, Patricia Chen, Matías Fonollá, Mareyba Fawad, Nazeer Abdul-Salaam, Georgia Clay, Aleksandra Lazić, Carla Akil, Lucy McGill, R. Shayna Rosenbaum, Juliette Tobias-Webb, Katrine Krabbe Thommesen, Yarden Shir, Riinu Pae, Filippo Toscano, Nélida Ayacaxli, Shivika Marwaha, Jolly Amatya, Aslı Bursalıoğlu, Adrianna Valencia, Marlene Hecht, Sharon McParland, Eduardo Garcia-Garzon, Sarah Ashcroft-Jones, Sun Young Park, Amma Panin, Arjoon Arunasalam, Josip Razum, Naos Mesfin Buzayu, Barbora Hubená, Ahmet Kerem Sarikaya, Samuel Lincoln Bezerra Lins, Lucía Macchia, Jascha Achterberg, Lea Jakob, Felice L. Tavera, Federica Stablum, Margo Janssens, Martina Vacondio, Paula Barea Arroyo, Tsvetelina Panchelieva, Iulia Grabovski, Tina Venema, Xintong Tang, Shehrbano Jamali Niazi, Leonore Riitsalu, Bojana Većkalov, Twinkle Dwarkanath, Sociale Psychologie (Psychologie, FMG), Ontwikkelingspsychologie (Psychologie, FMG), Ruggeri, Kai [0000-0002-8470-101X], Panin, Amma [0000-0002-1608-3678], Vdovic, Milica [0000-0002-8094-2465], Većkalov, Bojana [0000-0002-8477-1261], Achterberg, Jascha [0000-0003-2002-3210], Amatya, Kanchan [0000-0002-8396-4280], Andersen, Thomas Lind [0000-0002-4220-1674], Aquino, Sibele D [0000-0003-1391-0911], Arunasalam, Arjoon [0000-0002-5651-9560], Ashcroft-Jones, Sarah [0000-0002-8614-9310], Askelund, Adrian Dahl [0000-0003-2669-5472], Bailey, Alexander [0000-0002-6478-3441], Barea Arroyo, Paula [0000-0002-4948-1912], Mejía, Genaro Basulto [0000-0002-0376-6568], Benvenuti, Martina [0000-0001-8575-5047], Bibilouri, Katherine [0000-0003-2267-2038], Bjørndal, Ludvig Daae [0000-0001-9773-8287], Lyshol, Johanna K Blomster [0000-0002-3157-5443], Brik, Tymofii [0000-0002-5542-1019], Buabang, Eike Kofi [0000-0002-3057-0819], Burghart, Matthias [0000-0001-7300-1846], Bursalıoğlu, Aslı [0000-0003-1423-4732], Buzayu, Naos Mesfin [0000-0003-3613-3537], de Carvalho, Nathalia Melo [0000-0001-8072-3310], Cazan, Ana-Maria [0000-0003-4521-702X], Çetinçelik, Melis [0000-0002-8931-5732], Chai, Valentino E [0000-0002-9885-6792], Chen, Patricia [0000-0002-0173-9320], Chen, Shiyi [0000-0001-6611-4359], Clay, Georgia [0000-0001-5641-6804], D'Ambrogio, Simone [0000-0001-9030-8145], Damnjanović, Kaja [0000-0002-9254-1263], Dugue, Tatianna [0000-0002-2887-141X], Dwarkanath, Twinkle [0000-0002-1115-2654], Erceg, Nikola [0000-0002-9056-4592], Esteban-Serna, Celia [0000-0003-4965-1173], Farahat, Eman [0000-0001-6467-8599], Fedryansyah, Muhammad [0000-0001-7082-2550], Feng, David [0000-0003-1223-8094], Filippi, Silvia [0000-0002-5890-7460], Fonollá, Matías A [0000-0002-9307-8039], Freichel, René [0000-0002-9478-0575], Freira, Lucia [0000-0002-2710-0760], Friedemann, Maja [0000-0003-1506-2135], Gao, Ziwei [0000-0002-8706-8758], Ge, Suwen [0000-0001-9318-976X], Geiger, Sandra J [0000-0002-3262-5609], George, Leya [0000-0002-0020-6178], Grabovski, Iulia [0000-0001-5839-9796], Hajian, Ali [0000-0002-6679-438X], Hecht, Marlene [0000-0003-0700-0073], Ikonomeas, Alexander Gustav Fredriksen [0000-0002-3817-030X], Ilić, Sandra [0000-0002-5145-0197], Izydorczyk, David [0000-0002-8792-0795], Jakob, Lea [0000-0002-9659-0353], Janssens, Margo [0000-0002-9455-7939], Jarke, Hannes [0000-0002-6022-6381], Kácha, Ondřej [0000-0003-2837-9238], Kalinova, Kalina Nikolova [0000-0001-8444-0959], Kapingura, Forget Mingiri [0000-0002-5808-5612], Kasdan, David Oliver [0000-0002-6709-1424], Krawiec, Jakub M [0000-0002-8422-8090], Lagidze, Nato [0000-0002-5837-8917], Lazić, Aleksandra [0000-0002-0433-0483], Lee, Hyung Seo [0000-0003-0705-5314], Lep, Žan [0000-0003-0130-4543], Lins, Samuel [0000-0001-6824-4691], Macchia, Lucía [0000-0001-9558-4747], Mamede, Salomé [0000-0002-4826-3390], Mareva, Silvana [0000-0002-1728-9811], McGill, Lucy [0000-0002-0702-2806], McParland, Sharon [0000-0001-6714-3012], Mizak, Szymon [0000-0003-0308-007X], Mukhyshbayeva, Aizhan [0000-0001-5538-955X], Navajas, Joaquin [0000-0001-8765-037X], Neshevska, Dragana [0000-0001-5419-0266], Nieves, Ana Elsa Nieto [0000-0001-9041-8977], Oberschulte, Julia [0000-0002-8174-8656], Pae, Riinu [0000-0003-2044-0102], Park, Sun Young [0000-0003-4246-7437], Pascu, Daria Stefania [0000-0002-7944-643X], Petrović, Marija B [0000-0001-6422-3957], Prinz, Gerhard M [0000-0001-7930-7176], Rachev, Nikolay R [0000-0002-5654-2883], Ranc, Pika [0000-0002-4725-8522], Razum, Josip [0000-0002-2633-3271], Riitsalu, Leonore [0000-0002-0941-7983], Rosenbaum, R Shayna [0000-0001-5328-8675], Rujimora, James [0000-0002-8295-1525], Rusyidi, Binahayati [0000-0003-4870-9177], Rutherford, Charlotte [0000-0003-2733-2323], Said, Rand [0000-0001-9703-4706], Sanguino, Inés [0000-0003-0965-6850], Say, Nicolas [0000-0002-1560-9260], Schuck, Jakob [0000-0002-6469-0018], Soboleva, Irina [0000-0003-4934-4085], Solomonia, Tina [0000-0002-7985-6666], Soysal, Irem [0000-0001-8016-8484], Stablum, Federica [0000-0001-9712-9123], Sundström, Felicia TA [0000-0002-7032-1614], Tang, Xintong [0000-0002-6025-688X], Taylor, Jacqueline [0000-0001-7455-0185], Tebbe, Anna-Lena [0000-0003-4933-2797], Thommesen, Katrine Krabbe [0000-0002-0696-7621], Toscano, Filippo [0000-0001-6077-2094], Ueda, Kohei [0000-0003-1818-8366], Vacondio, Martina [0000-0003-0024-8527], Valencia, Adrianna J [0000-0003-1222-5904], Van Reyn, Chiara [0000-0002-1100-2525], Venema, Tina AG [0000-0002-3939-2828], Verra, Sanne E [0000-0003-4963-0153], Vranka, Marek A [0000-0003-3413-9062], Wagner, Lisa [0000-0002-1925-2676], Wu, Xue [0000-0002-9461-3558], Xu, Sonya [0000-0003-1799-1309], Yamada, Yuki [0000-0003-1431-568X], Yosifova, Aleksandra [0000-0002-2280-3467], Zupan, Zorana [0000-0002-0763-8192], García-Garzon, Eduardo [0000-0001-5258-232X], Apollo - University of Cambridge Repository, Faculdade de Psicologia e de Ciências da Educação, and Department of Organization Studies

Subjects
BF Psychology, Social Psychology, Economics, HB, BF, Experimental and Cognitive Psychology, temporal discounting, economic inequality, global study, DECISION-MAKING, TIME PREFERENCE, Behavioral Neuroscience, Text mining, ddc:150, INFLATION, Humans, Temporal discounting, Nationalekonomi, economic inequality, temporal discounting, lower-income groups, REAL, RISK, DECREASES, REWARDS, business.industry, HM Sociology, Public Health, Global Health, Social Medicine and Epidemiology, CHOICE, POVERTY, Folkhälsovetenskap, global hälsa, socialmedicin och epidemiologi, Delay Discounting, business, INEQUALITY, Cognitive psychology
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. Ruggeri et al. find in a study of 61 countries that temporal discounting patterns are globally generalizable. Worse financial environments, greater inequality and high inflation are associated with extreme or inconsistent long-term decisions.

Published
2022

3. The globalizability of temporal discounting

Author

Kai Ruggeri, Amma Panin, Milica Vdovic, Bojana Većkalov, Nazeer Abdul-Salaam, Jascha Achterberg, Jolly Amatya, Kanchan Amatya, Arjoon Arunasalam, Sarah Ashcroft-Jones, Aseman Bagheri Sheshdeh, Eike Kofi Buabang, Matthias Burghart, Sibele Dias Aquino, Ludvig Daae Bjørndal, Ana-Maria Cazan, Georgia Clay, Simone D'Ambrogio, Tatianna Dugue, David Feng, René Freichel, Lucia Freira, Maja Friedemann, Ziwei Gao, Sandra Jeanette Geiger, Marlene Hecht, David Izydorczyk, Lea Jakob, Hannes Jarke, Ondřej Kácha, Ralitsa Karakasheva, Emmanuel Kemel, Jakub Maciej Krawiec, Nato Lagidze, Aleksandra Lazić, Hyung Seo Lee, Zan Lep, Samuel Lins, Metasebiya Ayele Mamo, Silvana Mareva, Sebastian A. Meyer, Lucy McGill, Sharon McParland, Szymon Bartłomiej Mizak, Aizhan Mukhyshbayeva, Joaquin Navajas, Dragana Neshevska, Ana Elsa Nieto, Franziska Nippold, Julia Marie Oberschulte, Riinu Pae, Tsvetelina Panchelieva, Sun Young Park, Daria Stefania Pascu, Gerhard M. Prinz, Nikolay R. Rachev, Josip Razum, Charlotte Rutherford, Rand Said, Inés Sanguino, Yarden Shir, D. Elisabeth C. Sievert, Irina Soboleva, Felice Tavera, Anna Louise Todsen, Volodymyr Vakhitov, Adrianna Jordan Valencia, Tina Venema, Jáchym Vintr, Marek Albert Vranka, Lisa Wagner, Kailin Xu, Aleksandra Yosifova, Zorana Zupan, and Eduardo Garcia-Garzon

Abstract

Economic inequality is associated with extreme rates of temporal discounting, which is a behavioral pattern where individuals choose smaller, immediate financial gains over larger, delayed gains. Such patterns may feed into rising global inequality, yet it is unclear if they are a function of choice preferences or norms, or rather absence of sufficient resources to meet immediate needs. It is also not clear if these reflect true differences in choice patterns between income groups. We test temporal discounting and five intertemporal choice anomalies using local currencies and value standards in 61 countries. Across a diverse sample of 13,629 participants, we found highly consistent rates of choice anomalies. Individuals with lower incomes were not significantly different, but economic inequality and broader financial circumstances impact population choice patterns.

Published
2021

4. The globalizability of temporal discounting

Author

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

Published
2021
Full Text
View/download PDF

5. The globalizability of temporal discounting

Author

Ruggeri, Kai, Panin, Amma, Vdovic, Milica, Većkalov, Bojana, Abdul-Salaam, Nazeer, Achterberg, Jascha, Akil, Carla, Amatya, Jolly, Amatya, Kanchan, Andersen, Thomas Lind, 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, García-Garzon, Eduardo, Ruggeri, Kai, Panin, Amma, Vdovic, Milica, Većkalov, Bojana, Abdul-Salaam, Nazeer, Achterberg, Jascha, Akil, Carla, Amatya, Jolly, Amatya, Kanchan, Andersen, Thomas Lind, 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

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.

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