The globalizability of temporal discounting

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

doi:10.1038/s41562-022-01392-w

The globalizability of temporal discounting

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

^*Corresponding author for this work

Organization Studies

Research output: Contribution to journal › Article › Scientific › peer-review

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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.

Original language	English
Pages (from-to)	1386-1397
Journal	Nature Human Behaviour
Volume	6
Issue number	10
DOIs	https://doi.org/10.1038/s41562-022-01392-w
Publication status	Published - 2022

Keywords

DECISION-MAKING
TIME PREFERENCE
REAL
RISK
INEQUALITY
INFLATION
DECREASES
POVERTY
REWARDS
CHOICE

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1038/s41562-022-01392-wLicence: CC BY

OS Janssens the globalizability of temporal discounting NHB 2022Final published version, 4.09 MBLicence: CC BY

Cite this

Ruggeri, K., Panin, A., Vdovic, M., Veckalov, B., Abdul-Salaam, N., Achterberg, J., Akil, C., Amatya, J., Amatya, K., Andersen, T. L., Aquino, S. D., Arunasalam, A., Ashcroft-Jones, S., Askelund, A. D., Ayacaxli, N., Sheshdeh, A. B., Bailey, A., Barea Arroyo, P., Mejia, G. B., ... Garcia-Garzon, E. (2022). The globalizability of temporal discounting. Nature Human Behaviour, 6(10), 1386-1397. https://doi.org/10.1038/s41562-022-01392-w

@article{2e76abaeea9f48bf85079bde90f70490,

title = "The globalizability of temporal discounting",

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. ",

keywords = "DECISION-MAKING, TIME PREFERENCE, REAL, RISK, INEQUALITY, INFLATION, DECREASES, POVERTY, REWARDS, CHOICE",

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

note = "The authors received no specific funding for this work. A small amount of discretionary funding provided by K.R.{\textquoteright}s institution paid for the pilot study participants and for honoraria to organizations that assisted with data collection in several locations. These were provided by Columbia University Undergraduate Global Engagement and the Department of Health Policy and Management. Funds to support open-access publication were provided by the MRC-CBU at the University of Cambridge through a UKRI grant (UKRI-MRC grant no. MC\_UU\_00005/6). ",

year = "2022",

doi = "10.1038/s41562-022-01392-w",

language = "English",

volume = "6",

pages = "1386--1397",

journal = "Nature Human Behaviour",

issn = "2397-3374",

publisher = "Nature Publishing Group",

number = "10",

}

Ruggeri, K, Panin, A, Vdovic, M, Veckalov, B, Abdul-Salaam, N, Achterberg, J, Akil, C, Amatya, J, Amatya, K, Andersen, TL, Aquino, SD, Arunasalam, A, Ashcroft-Jones, S, Askelund, AD, Ayacaxli, N, Sheshdeh, AB, Bailey, A, Barea Arroyo, P, Mejia, GB, Benvenuti, M, Berge, ML, Bermaganbet, A, Bibilouri, K, Bjorndal, LD, Black, S, Lyshol, JKB, Brik, T, Buabang, EK, Burghart, M, Bursalioglu, A, Buzayu, NM, Cadek, M, de Carvalho, NM, Cazan, A-M, cetincelik, M, Chai, VE, Chen, P, Chen, S, Clay, G, D'Ambrogio, S, Damnjanovic, K, Duffy, G, Dugue, T, Dwarkanath, T, Envuladu, EA, Erceg, N, Esteban-Serna, C, Farahat, E, Farrokhnia, RA, Fawad, M, Fedryansyah, M, Feng, D, Filippi, S, Fonolla, MA, Freichel, R, Freira, L, Friedemann, M, Gao, Z, Ge, S, Geiger, SJ, George, L, Grabovski, I, Gracheva, A, Gracheva, A, Hajian, A, Hasan, N, Hecht, M, Hong, X, Hubena, B, Ikonomeas, AGF, Ilic, S, Izydorczyk, D, Jakob, L, Janssens, M, Jarke, H, Kacha, O, Kalinova, KN, Kapingura, FM, Karakasheva, R, Kasdan, DO, Kemel, E, Khorrami, P, Krawiec, JM, Lagidze, N, Lazarevic, A, Lazic, A, Lee, HS, Lep, Z, Lins, S, Lofthus, IS, Macchia, L, Mamede, S, Mamo, MA, Maratkyzy, L, Mareva, S, Marwaha, S, McGill, L, McParland, S, Melnic, A, Meyer, SA, Mizak, S, Mohammed, A, Mukhyshbayeva, A, Navajas, J, Neshevska, D, Niazi, SJ, Nieves, AEN, Nippold, F, Oberschulte, J, Otto, T, Pae, R, Panchelieva, T, Park, SY, Pascu, DS, Pavlovic, I, Petrovic, MB, Popovic, D, Prinz, GM, Rachev, NR, Ranc, P, Razum, J, Rho, CE, Riitsalu, L, Rocca, F, Rosenbaum, RS, Rujimora, J, Rusyidi, B, Rutherford, C, Said, R, Sanguino, I, Sarikaya, AK, Say, N, Schuck, J, Shiels, M, Shir, Y, Sievert, EDC, Soboleva, I, Solomonia, T, Soni, S, Soysal, I, Stablum, F, Sundstrom, FTA, Tang, X, Tavera, F, Taylor, J, Tebbe, A-L, Thommesen, KK, Tobias-Webb, J, Todsen, AL, Toscano, F, Tran, T, Trinh, J, Turati, A, Ueda, K, Vacondio, M, Vakhitov, V, Valencia, AJ, Van Reyn, C, Venema, TAG, Verra, SE, Vintr, J, Vranka, MA, Wagner, L, Wu, X, Xing, KY, Xu, K, Xu, S, Yamada, Y, Yosifova, A, Zupan, Z & Garcia-Garzon, E 2022, 'The globalizability of temporal discounting', Nature Human Behaviour, vol. 6, no. 10, pp. 1386-1397. https://doi.org/10.1038/s41562-022-01392-w

TY - JOUR

T1 - The globalizability of temporal discounting

AU - Ruggeri, Kai

AU - Panin, Amma

AU - Vdovic, Milica

AU - Veckalov, Bojana

AU - Abdul-Salaam, Nazeer

AU - Achterberg, Jascha

AU - Akil, Carla

AU - Amatya, Jolly

AU - Amatya, Kanchan

AU - Andersen, Thomas Lind

AU - Aquino, Sibele D.

AU - Arunasalam, Arjoon

AU - Ashcroft-Jones, Sarah

AU - Askelund, Adrian Dahl

AU - Ayacaxli, Nelida

AU - Sheshdeh, Aseman Bagheri

AU - Bailey, Alexander

AU - Barea Arroyo, Paula

AU - Mejia, Genaro Basulto

AU - Benvenuti, Martina

AU - Berge, Mari Louise

AU - Bermaganbet, Aliya

AU - Bibilouri, Katherine

AU - Bjorndal, Ludvig Daae

AU - Black, Sabrina

AU - Lyshol, Johanna K. Blomster

AU - Brik, Tymofii

AU - Buabang, Eike Kofi

AU - Burghart, Matthias

AU - Bursalioglu, Asli

AU - Buzayu, Naos Mesfin

AU - Cadek, Martin

AU - de Carvalho, Nathalia Melo

AU - Cazan, Ana-Maria

AU - cetincelik, Melis

AU - Chai, Valentino E.

AU - Chen, Patricia

AU - Chen, Shiyi

AU - Clay, Georgia

AU - D'Ambrogio, Simone

AU - Damnjanovic, Kaja

AU - Duffy, Grace

AU - Dugue, Tatianna

AU - Dwarkanath, Twinkle

AU - Envuladu, Esther Awazzi

AU - Erceg, Nikola

AU - Esteban-Serna, Celia

AU - Farahat, Eman

AU - Farrokhnia, R. A.

AU - Fawad, Mareyba

AU - Fedryansyah, Muhammad

AU - Feng, David

AU - Filippi, Silvia

AU - Fonolla, Matias A.

AU - Freichel, Rene

AU - Freira, Lucia

AU - Friedemann, Maja

AU - Gao, Ziwei

AU - Ge, Suwen

AU - Geiger, Sandra J.

AU - George, Leya

AU - Grabovski, Iulia

AU - Gracheva, Aleksandra

AU - Gracheva, Anastasia

AU - Hajian, Ali

AU - Hasan, Nida

AU - Hecht, Marlene

AU - Hong, Xinyi

AU - Hubena, Barbora

AU - Ikonomeas, Alexander Gustav Fredriksen

AU - Ilic, Sandra

AU - Izydorczyk, David

AU - Jakob, Lea

AU - Janssens, Margo

AU - Jarke, Hannes

AU - Kacha, Ondrej

AU - Kalinova, Kalina Nikolova

AU - Kapingura, Forget Mingiri

AU - Karakasheva, Ralitsa

AU - Kasdan, David Oliver

AU - Kemel, Emmanuel

AU - Khorrami, Peggah

AU - Krawiec, Jakub M.

AU - Lagidze, Nato

AU - Lazarevic, Aleksandra

AU - Lazic, Aleksandra

AU - Lee, Hyung Seo

AU - Lep, Zan

AU - Lins, Samuel

AU - Lofthus, Ingvild Sando

AU - Macchia, Lucia

AU - Mamede, Salome

AU - Mamo, Metasebiya Ayele

AU - Maratkyzy, Laura

AU - Mareva, Silvana

AU - Marwaha, Shivika

AU - McGill, Lucy

AU - McParland, Sharon

AU - Melnic, Anisoara

AU - Meyer, Sebastian A.

AU - Mizak, Szymon

AU - Mohammed, Amina

AU - Mukhyshbayeva, Aizhan

AU - Navajas, Joaquin

AU - Neshevska, Dragana

AU - Niazi, Shehrbano Jamali

AU - Nieves, Ana Elsa Nieto

AU - Nippold, Franziska

AU - Oberschulte, Julia

AU - Otto, Thiago

AU - Pae, Riinu

AU - Panchelieva, Tsvetelina

AU - Park, Sun Young

AU - Pascu, Daria Stefania

AU - Pavlovic, Irena

AU - Petrovic, Marija B.

AU - Popovic, Dora

AU - Prinz, Gerhard M.

AU - Rachev, Nikolay R.

AU - Ranc, Pika

AU - Razum, Josip

AU - Rho, Christina Eun

AU - Riitsalu, Leonore

AU - Rocca, Federica

AU - Rosenbaum, R. Shayna

AU - Rujimora, James

AU - Rusyidi, Binahayati

AU - Rutherford, Charlotte

AU - Said, Rand

AU - Sanguino, Ines

AU - Sarikaya, Ahmet Kerem

AU - Say, Nicolas

AU - Schuck, Jakob

AU - Shiels, Mary

AU - Shir, Yarden

AU - Sievert, Elisabeth D. C.

AU - Soboleva, Irina

AU - Solomonia, Tina

AU - Soni, Siddhant

AU - Soysal, Irem

AU - Stablum, Federica

AU - Sundstrom, Felicia T. A.

AU - Tang, Xintong

AU - Tavera, Felice

AU - Taylor, Jacqueline

AU - Tebbe, Anna-Lena

AU - Thommesen, Katrine Krabbe

AU - Tobias-Webb, Juliette

AU - Todsen, Anna Louise

AU - Toscano, Filippo

AU - Tran, Tran

AU - Trinh, Jason

AU - Turati, Alice

AU - Ueda, Kohei

AU - Vacondio, Martina

AU - Vakhitov, Volodymyr

AU - Valencia, Adrianna J.

AU - Van Reyn, Chiara

AU - Venema, Tina A. G.

AU - Verra, Sanne E.

AU - Vintr, Jachym

AU - Vranka, Marek A.

AU - Wagner, Lisa

AU - Wu, Xue

AU - Xing, Ke Ying

AU - Xu, Kailin

AU - Xu, Sonya

AU - Yamada, Yuki

AU - Yosifova, Aleksandra

AU - Zupan, Zorana

AU - Garcia-Garzon, Eduardo

N1 - The authors received no specific funding for this work. A small amount of discretionary funding provided by K.R.’s institution paid for the pilot study participants and for honoraria to organizations that assisted with data collection in several locations. These were provided by Columbia University Undergraduate Global Engagement and the Department of Health Policy and Management. Funds to support open-access publication were provided by the MRC-CBU at the University of Cambridge through a UKRI grant (UKRI-MRC grant no. MC_UU_00005/6).

PY - 2022

Y1 - 2022

N2 - 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.

AB - 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.

KW - DECISION-MAKING

KW - TIME PREFERENCE

KW - REAL

KW - RISK

KW - INEQUALITY

KW - INFLATION

KW - DECREASES

KW - POVERTY

KW - REWARDS

KW - CHOICE

UR - https://osf.io/jfvh4

UR - https://www.scopus.com/pages/publications/85133877039

U2 - 10.1038/s41562-022-01392-w

DO - 10.1038/s41562-022-01392-w

M3 - Article

C2 - 35817934

SN - 2397-3374

VL - 6

SP - 1386

EP - 1397

JO - Nature Human Behaviour

JF - Nature Human Behaviour

IS - 10

ER -

The globalizability of temporal discounting

Abstract

Keywords

UN SDGs

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