The globalizability of temporal discounting
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Published:2022-07-11
Issue:10
Volume:6
Page:1386-1397
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ISSN:2397-3374
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Container-title:Nature Human Behaviour
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language:en
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Short-container-title:Nat Hum Behav
Author:
Ruggeri KaiORCID, Panin AmmaORCID, Vdovic MilicaORCID, Većkalov BojanaORCID, Abdul-Salaam Nazeer, Achterberg JaschaORCID, Akil Carla, Amatya Jolly, Amatya KanchanORCID, Andersen Thomas LindORCID, Aquino Sibele D.ORCID, Arunasalam ArjoonORCID, Ashcroft-Jones SarahORCID, Askelund Adrian DahlORCID, Ayacaxli Nélida, Sheshdeh Aseman Bagheri, Bailey AlexanderORCID, Barea Arroyo PaulaORCID, Mejía Genaro BasultoORCID, Benvenuti MartinaORCID, Berge Mari Louise, Bermaganbet Aliya, Bibilouri KatherineORCID, Bjørndal Ludvig DaaeORCID, Black Sabrina, Lyshol Johanna K. BlomsterORCID, Brik TymofiiORCID, Buabang Eike KofiORCID, Burghart MatthiasORCID, Bursalıoğlu AslıORCID, Buzayu Naos MesfinORCID, Čadek Martin, de Carvalho Nathalia MeloORCID, Cazan Ana-MariaORCID, Çetinçelik MelisORCID, Chai Valentino E.ORCID, Chen PatriciaORCID, Chen ShiyiORCID, Clay GeorgiaORCID, D’Ambrogio SimoneORCID, Damnjanović KajaORCID, Duffy Grace, Dugue TatiannaORCID, Dwarkanath TwinkleORCID, Envuladu Esther Awazzi, Erceg NikolaORCID, Esteban-Serna CeliaORCID, Farahat EmanORCID, Farrokhnia R. A., Fawad Mareyba, Fedryansyah MuhammadORCID, Feng DavidORCID, Filippi SilviaORCID, Fonollá Matías A.ORCID, Freichel RenéORCID, Freira LuciaORCID, Friedemann MajaORCID, Gao ZiweiORCID, Ge SuwenORCID, Geiger Sandra J.ORCID, George LeyaORCID, Grabovski IuliaORCID, Gracheva Aleksandra, Gracheva Anastasia, Hajian AliORCID, Hasan Nida, Hecht MarleneORCID, Hong Xinyi, Hubená Barbora, Ikonomeas Alexander Gustav FredriksenORCID, Ilić SandraORCID, Izydorczyk DavidORCID, Jakob LeaORCID, Janssens MargoORCID, Jarke HannesORCID, Kácha OndřejORCID, Kalinova Kalina NikolovaORCID, Kapingura Forget MingiriORCID, Karakasheva Ralitsa, Kasdan David OliverORCID, Kemel Emmanuel, Khorrami Peggah, Krawiec Jakub M.ORCID, Lagidze NatoORCID, Lazarević Aleksandra, Lazić AleksandraORCID, Lee Hyung SeoORCID, Lep ŽanORCID, Lins SamuelORCID, Lofthus Ingvild Sandø, Macchia LucíaORCID, Mamede SaloméORCID, Mamo Metasebiya Ayele, Maratkyzy Laura, Mareva SilvanaORCID, Marwaha Shivika, McGill LucyORCID, McParland SharonORCID, Melnic Anișoara, Meyer Sebastian A., Mizak SzymonORCID, Mohammed Amina, Mukhyshbayeva AizhanORCID, Navajas JoaquinORCID, Neshevska DraganaORCID, Niazi Shehrbano Jamali, Nieves Ana Elsa NietoORCID, Nippold Franziska, Oberschulte JuliaORCID, Otto Thiago, Pae RiinuORCID, Panchelieva Tsvetelina, Park Sun YoungORCID, Pascu Daria StefaniaORCID, Pavlović Irena, Petrović Marija B.ORCID, Popović Dora, Prinz Gerhard M.ORCID, Rachev Nikolay R.ORCID, Ranc PikaORCID, Razum JosipORCID, Rho Christina Eun, Riitsalu LeonoreORCID, Rocca Federica, Rosenbaum R. ShaynaORCID, Rujimora JamesORCID, Rusyidi BinahayatiORCID, Rutherford CharlotteORCID, Said RandORCID, Sanguino InésORCID, Sarikaya Ahmet Kerem, Say NicolasORCID, Schuck JakobORCID, Shiels Mary, Shir Yarden, Sievert Elisabeth D. C., Soboleva IrinaORCID, Solomonia TinaORCID, Soni Siddhant, Soysal IremORCID, Stablum FedericaORCID, Sundström Felicia T. A.ORCID, Tang XintongORCID, Tavera Felice, Taylor JacquelineORCID, Tebbe Anna-LenaORCID, Thommesen Katrine KrabbeORCID, Tobias-Webb Juliette, Todsen Anna Louise, Toscano FilippoORCID, Tran Tran, Trinh Jason, Turati Alice, Ueda KoheiORCID, Vacondio MartinaORCID, Vakhitov Volodymyr, Valencia Adrianna J.ORCID, Van Reyn ChiaraORCID, Venema Tina A. G.ORCID, Verra Sanne E.ORCID, Vintr Jáchym, Vranka Marek A.ORCID, Wagner LisaORCID, Wu XueORCID, Xing Ke Ying, Xu Kailin, Xu SonyaORCID, Yamada YukiORCID, Yosifova AleksandraORCID, Zupan ZoranaORCID, García-Garzon EduardoORCID
Abstract
AbstractEconomic 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.
Publisher
Springer Science and Business Media LLC
Subject
Behavioral Neuroscience,Experimental and Cognitive Psychology,Social Psychology
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