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Patience is a virtue: cooperative people have lower discount rates

Curry, Oliver S. and Price, Michael E. and Price, Jade G. (2008) Patience is a virtue: cooperative people have lower discount rates. Personality and Individual Differences, 44 (3). pp. 780-785. ISSN 0191-8869

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Identification Number: 10.1016/j.paid.2007.09.023

Abstract

Reciprocal altruism involves foregoing an immediate benefit for the sake of a greater long-term reward. It follows that individuals who exhibit a stronger preference for future over immediate rewards should be more disposed to engage in reciprocal altruism – in other words, ‘patient’ people should be more cooperative. The present study tested this prediction by investigating whether participants’ contributions in a public-good game correlated with their ‘discount rate’. The hypothesis was supported: patient people are indeed more cooperative. The paper discusses alternative interpretations of this result, and makes some suggestions for future research.

Item Type: Article
Official URL: http://www.sciencedirect.com/science/journal/01918...
Additional Information: © 2007 Elsevier Ltd
Subjects: B Philosophy. Psychology. Religion > BJ Ethics
Sets: Research centres and groups > Darwin@LSE
Research centres and groups > Centre for Philosophy of Natural and Social Science (CPNSS)
Date Deposited: 21 Nov 2009 15:38
Last Modified: 01 Oct 2010 09:28
URI: http://eprints.lse.ac.uk/id/eprint/25843

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