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, 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 (2022) The globalizability of temporal discounting. Nature Human Behaviour, 6 (10). 1386 - 1397. ISSN 2397-3374

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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.

Item Type:	Article
Official URL:	https://www.nature.com/nathumbehav/
Additional Information:	© 2022 The Authors
Divisions:	Centre for Economic Performance
Subjects:	H Social Sciences > HM Sociology B Philosophy. Psychology. Religion > BF Psychology
Date Deposited:	06 Sep 2022 12:24
Last Modified:	16 Nov 2024 21:12
URI:	http://eprints.lse.ac.uk/id/eprint/116449

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