The globalizability of temporal discounting

Kai Ruggeri (), Amma Panin, Milica Vdovic, Bojana Većkalov, 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, Nélida Ayacaxli, Aseman Bagheri Sheshdeh, Alexander Bailey, Paula Barea Arroyo, Genaro Basulto Mejía, Martina Benvenuti, Mari Louise Berge, Aliya Bermaganbet, Katherine Bibilouri, Ludvig Daae Bjørndal, Sabrina Black, Johanna K. Blomster Lyshol, Tymofii Brik, Eike Kofi Buabang, Matthias Burghart, Aslı Bursalıoğlu, Naos Mesfin Buzayu, Martin Čadek, Nathalia Melo Carvalho, Ana-Maria Cazan, Melis Çetinçelik, Valentino E. Chai, Patricia Chen, Shiyi Chen, Georgia Clay, Simone D’Ambrogio, Kaja Damnjanović, 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, Matías A. Fonollá, René 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 Hubená, Alexander Gustav Fredriksen Ikonomeas, Sandra Ilić, David Izydorczyk, Lea Jakob, Margo Janssens, Hannes Jarke, Ondřej Kácha, Kalina Nikolova Kalinova, Forget Kapingura, Ralitsa Karakasheva, David Oliver Kasdan, Emmanuel Kemel, Peggah Khorrami, Jakub M. Krawiec, Nato Lagidze, Aleksandra Lazarević, Aleksandra Lazić, Hyung Seo Lee, Žan Lep, Samuel Lins, Ingvild Sandø Lofthus, Lucía Macchia, Salomé Mamede, Metasebiya Ayele Mamo, Laura Maratkyzy, Silvana Mareva, Shivika Marwaha, Lucy McGill, Sharon McParland, Anișoara 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 Pavlović, Marija B. Petrović, Dora Popović, 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, Inés 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. Sundström, 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 Reyn, Tina A. G. Venema, Sanne E. Verra, Jáchym Vintr, Marek A. Vranka, Lisa Wagner, Xue Wu, Ke Ying Xing, Kailin Xu, Sonya Xu, Yuki Yamada, Aleksandra Yosifova, Zorana Zupan and Eduardo García-Garzon
Additional contact information
Kai Ruggeri: Columbia University
Amma Panin: UC Louvain
Milica Vdovic: Faculty of Media and Communications
Bojana Većkalov: University of Amsterdam
Nazeer Abdul-Salaam: Columbia University
Jascha Achterberg: University of Cambridge
Carla Akil: American University of Beirut
Jolly Amatya: UN Major Group for Children and Youth (UNMGCY)
Kanchan Amatya: United Nations Children’s Fund (UNICEF)
Thomas Lind Andersen: PPR Svendborg
Sibele D. Aquino: Pontifical Catholic University of Rio de Janeiro
Arjoon Arunasalam: Queen’s University Belfast
Sarah Ashcroft-Jones: University of Oxford
Adrian Dahl Askelund: Nic Waals Institute
Nélida Ayacaxli: Columbia University
Aseman Bagheri Sheshdeh: St. Lawrence University
Alexander Bailey: Queen’s University Belfast
Paula Barea Arroyo: University College London
Genaro Basulto Mejía: Centro de Investigación y Docencias Económicas
Martina Benvenuti: University of Bologna
Mari Louise Berge: Unaffiliated
Aliya Bermaganbet: Workforce Development Center
Katherine Bibilouri: Columbia University
Ludvig Daae Bjørndal: University of Oslo
Sabrina Black: University of St Andrews
Johanna K. Blomster Lyshol: Oslo New University College
Tymofii Brik: Kyiv School of Economics
Eike Kofi Buabang: KU Leuven
Matthias Burghart: University of Konstanz
Aslı Bursalıoğlu: Loyola University Chicago
Naos Mesfin Buzayu: Duke Kunshan University
Martin Čadek: Leeds Beckett University
Nathalia Melo Carvalho: Pontifical Catholic University of Rio de Janeiro
Ana-Maria Cazan: Transilvania University of Brasov
Melis Çetinçelik: Max Planck Institute for Psycholinguistics
Valentino E. Chai: National University of Singapore
Patricia Chen: National University of Singapore
Shiyi Chen: The University of Hong Kong
Georgia Clay: Technische Universität Dresden
Simone D’Ambrogio: University of Oxford
Kaja Damnjanović: University of Belgrade
Grace Duffy: Queen’s University Belfast
Tatianna Dugue: Columbia University
Twinkle Dwarkanath: Columbia University
Esther Awazzi Envuladu: University of Jos
Nikola Erceg: University of Zagreb
Celia Esteban-Serna: University College London
Eman Farahat: Ain Shams University
R. A. Farrokhnia: Columbia University
Mareyba Fawad: Columbia University
Muhammad Fedryansyah: Universitas Padjadjaran
David Feng: Columbia University
Silvia Filippi: University of Padua
Matías A. Fonollá: St. Lawrence University
René Freichel: University of Amsterdam
Maja Friedemann: University of Oxford
Ziwei Gao: University College London
Suwen Ge: Columbia University
Sandra J. Geiger: University of Vienna
Leya George: University College London
Iulia Grabovski: Transilvania University of Brasov
Aleksandra Gracheva: Columbia University
Anastasia Gracheva: Columbia University
Ali Hajian: University of Tehran
Nida Hasan: Columbia University
Marlene Hecht: Max Planck Institute for Human Development
Xinyi Hong: Duke University
Barbora Hubená: Unaffiliated
Alexander Gustav Fredriksen Ikonomeas: University of Oslo
Sandra Ilić: University of Belgrade
David Izydorczyk: University of Mannheim
Lea Jakob: Charles University
Margo Janssens: Tilburg University
Hannes Jarke: University of Cambridge
Ondřej Kácha: University of Cambridge
Kalina Nikolova Kalinova: Leiden University
Ralitsa Karakasheva: Unaffiliated
David Oliver Kasdan: Sungkyunkwan University
Emmanuel Kemel: GREGHEC, CNRS, HEC Paris
Peggah Khorrami: Harvard University
Jakub M. Krawiec: SWPS University of Social Sciences and Humanities
Nato Lagidze: Columbia University
Aleksandra Lazarević: University of Belgrade
Aleksandra Lazić: University of Belgrade
Hyung Seo Lee: Emory University
Žan Lep: University of Ljubljana
Samuel Lins: University of Porto
Ingvild Sandø Lofthus: University of Oslo
Lucía Macchia: Harvard Kennedy School
Salomé Mamede: University of Porto
Metasebiya Ayele Mamo: Duke Kunshan University
Laura Maratkyzy: Nazarbayev University
Silvana Mareva: University of Cambridge
Shivika Marwaha: University College Cork
Lucy McGill: University of Groningen
Sharon McParland: Queen’s University Belfast
Anișoara Melnic: Transilvania University of Brasov
Sebastian A. Meyer: Fundación Paraguaya
Szymon Mizak: SWPS University of Social Sciences and Humanities
Amina Mohammed: Gombe State University
Aizhan Mukhyshbayeva: University of Chicago
Dragana Neshevska: Ss. Cyril and Methodius University
Shehrbano Jamali Niazi: McGill University
Ana Elsa Nieto Nieves: Universidad Autónoma de Madrid
Franziska Nippold: University of Amsterdam
Julia Oberschulte: Ludwig-Maximilians-Universität München
Thiago Otto: Columbia University
Riinu Pae: University College London
Tsvetelina Panchelieva: IPHS—Bulgarian Academy of Sciences
Sun Young Park: Columbia University
Daria Stefania Pascu: University of Padua
Irena Pavlović: University of Belgrade
Marija B. Petrović: University of Belgrade
Dora Popović: Ivo Pilar Institute of Social Sciences
Gerhard M. Prinz: Bezirkskrankenhaus Straubing
Nikolay R. Rachev: Sofia University St. Kliment Ohridski
Pika Ranc: University of Ljubljana
Josip Razum: Ivo Pilar Institute of Social Sciences
Christina Eun Rho: Columbia University
Leonore Riitsalu: University of Tartu
Federica Rocca: Queen’s University Belfast
R. Shayna Rosenbaum: York University
James Rujimora: University of Central Florida
Binahayati Rusyidi: Universitas Padjadjaran
Charlotte Rutherford: University of Cambridge
Rand Said: Queen’s University Belfast
Inés Sanguino: University of Oxford
Ahmet Kerem Sarikaya: Columbia University
Nicolas Say: Prague University of Economics and Business
Jakob Schuck: University of Vienna
Mary Shiels: Queen’s University Belfast
Yarden Shir: Tel Aviv University
Elisabeth D. C. Sievert: Helmut Schmidt University
Irina Soboleva: Duke Kunshan University
Tina Solomonia: Tbilisi State University
Siddhant Soni: Erasmus University Rotterdam
Irem Soysal: Columbia University
Federica Stablum: University of Cambridge
Felicia T. A. Sundström: Uppsala University
Xintong Tang: Columbia University
Felice Tavera: University of Cologne
Jacqueline Taylor: Columbia University
Anna-Lena Tebbe: Max Planck Institute for Human Cognitive and Brain Sciences
Katrine Krabbe Thommesen: Copenhagen University
Juliette Tobias-Webb: Kaplan Business School
Anna Louise Todsen: University of St Andrews
Filippo Toscano: University of Padua
Tran Tran: Erasmus University Rotterdam
Jason Trinh: Columbia University
Alice Turati: Columbia University
Kohei Ueda: Kyushu University
Martina Vacondio: University of Klagenfurt
Adrianna J. Valencia: Columbia University
Chiara Reyn: KU Leuven
Tina A. G. Venema: Aarhus University
Sanne E. Verra: Utrecht University
Jáchym Vintr: Charles University
Marek A. Vranka: Charles University
Lisa Wagner: University of Zurich
Xue Wu: Kyushu University
Ke Ying Xing: Cornell University
Kailin Xu: Queen’s University Belfast
Sonya Xu: Columbia University
Yuki Yamada: Kyushu University
Aleksandra Yosifova: New Bulgarian University
Zorana Zupan: University of Belgrade
Eduardo García-Garzon: Universidad Camilo José Cela

Nature Human Behaviour, 2022, vol. 6, issue 10, 1386-1397

Abstract: 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.

Date: 2022
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Working Paper: The globalizability of temporal discounting (2022)
Working Paper: The globalizability of temporal discounting (2021)
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DOI: 10.1038/s41562-022-01392-w

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