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 Andersen, Sibele Aquino, Arjoon Arunasalam, Sarah Ashcroft-Jones, Adrian Askelund, Nélida Ayacaxli, Aseman Sheshdeh, Alexander Bailey, Paula Barea Arroyo, Genaro Mejía, Martina Benvenuti, Mari Berge, Aliya Bermaganbet, Katherine Bibilouri, Ludvig Bjørndal, Sabrina Black, Johanna Lyshol, Tymofii Brik, Eike Buabang, Matthias Burghart, Aslı Bursalıoğlu, Naos Buzayu, Martin Čadek, Nathalia de Carvalho, Ana-Maria Cazan, Melis Çetinçelik, Valentino Chai, Patricia Chen, Shiyi Chen, Georgia Clay, Simone D’ambrogio, Kaja Damnjanović, Grace Duffy, Tatianna Dugue, Twinkle Dwarkanath, Esther Envuladu, Nikola Erceg, Celia Esteban-Serna, Eman Farahat, R Farrokhnia, Mareyba Fawad, Muhammad Fedryansyah, David Feng, Silvia Filippi, Matías Fonollá, René Freichel, Lucia Freira, Maja Friedemann, Ziwei Gao, Suwen Ge, Sandra Geiger, Leya George, Iulia Grabovski, Aleksandra Gracheva, Anastasia Gracheva, Ali Hajian, Nida Hasan, Marlene Hecht, Xinyi Hong, Barbora Hubená, Alexander Ikonomeas, Sandra Ilić, David Izydorczyk, Lea Jakob, Margo Janssens, Hannes Jarke, Ondřej Kácha, Kalina Kalinova, Forget Kapingura, Ralitsa Karakasheva, David Kasdan, Emmanuel Kemel, Peggah Khorrami, Jakub Krawiec, Nato Lagidze, Aleksandra Lazarević, Aleksandra Lazić, Hyung Lee, Žan Lep, Samuel Lins, Ingvild Lofthus, Lucía Macchia, Salomé Mamede, Metasebiya Mamo, Laura Maratkyzy, Silvana Mareva, Shivika Marwaha, Lucy Mcgill, Sharon Mcparland, Anișoara Melnic, Sebastian Meyer, Szymon Mizak, Amina Mohammed, Aizhan Mukhyshbayeva, Joaquin Navajas, Dragana Neshevska, Shehrbano Niazi, Ana Nieves, Franziska Nippold, Julia Oberschulte, Thiago Otto, Riinu Pae, Tsvetelina Panchelieva, Sun Park, Daria Pascu, Irena Pavlović, Marija Petrović, Dora Popović, Gerhard Prinz, Nikolay Rachev, Pika Ranc, Josip Razum, Christina Rho, Leonore Riitsalu, Federica Rocca, R. Shayna Rosenbaum, James Rujimora, Binahayati Rusyidi, Charlotte Rutherford, Rand Said, Inés Sanguino, Ahmet Sarikaya, Nicolas Say, Jakob Schuck, Mary Shiels, Yarden Shir, Elisabeth Sievert, Irina Soboleva, Tina Solomonia, Siddhant Soni, Irem Soysal, Federica Stablum, Felicia Sundström, Xintong Tang, Felice Tavera, Jacqueline Taylor, Anna-Lena Tebbe, Katrine Thommesen, Juliette Tobias-Webb, Anna Todsen, Filippo Toscano, Tran Tran, Jason Trinh, Alice Turati, Kohei Ueda, Martina Vacondio, Volodymyr Vakhitov, Adrianna Valencia, Chiara van Reyn, Tina Venema, Sanne Verra, Jáchym Vintr, Marek Vranka, Lisa Wagner, Xue Wu, Ke Xing, Kailin Xu, Sonya Xu, Yuki Yamada, Aleksandra Yosifova, Zorana Zupan and Eduardo García-Garzon
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Emmanuel Kemel: GREGHEC - Groupement de Recherche et d'Etudes en Gestion - HEC Paris - Ecole des Hautes Etudes Commerciales - CNRS - Centre National de la Recherche Scientifique, HEC Paris - Ecole des Hautes Etudes Commerciales

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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: 2022-07-11
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-03903193v1
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Published in Nature Human Behaviour, 2022, 6 (10), pp.1386 - 1397. ⟨10.1038/s41562-022-01392-w⟩

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Journal Article: The globalizability of temporal discounting (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-03903193

DOI: 10.1038/s41562-022-01392-w

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