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Dyskontowanie nagród pieniężnych w czasie i w przestrzeni społecznej: studium eksperymentalne

Discounting of monetary rewards in time and in social space: experimental study

Jerzy Osiński and Adam Karbowski

MPRA Paper from University Library of Munich, Germany

Abstract: Assuming the analogy between discounting of monetary rewards in time and in social space, it is hypothesized that: (1) the rate of social discounting is higher in the case of choices between monetary reward for oneself and other person than in the case of choices between monetary rewards for others; (2) the rate of temporal discounting decreases when the beneficiary (who benefits from the choices made by the subject) is moved to more distant positions on the social distance axis. In accordance with expectations the rate of social discounting decreased when the pair of beneficiaries was moved to more distant positions. Multivariate analysis of variance (with beneficiary as the within-subjects factor) did not confirm the expectations formulated in the second hypothesis. The observed effect was opposite in direction to the expectations formulated in the second hypothesis. It is postulated that decision-makers in making financial choices on behalf of others become less egoistic and less patient than in making financial choices for oneselves.

Keywords: preference inconsistency; temporal discounting; social discounting; behavioral economics (search for similar items in EconPapers)
JEL-codes: D01 D90 (search for similar items in EconPapers)
Date: 2015
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Published in Bank i Kredyt 3.46(2015): pp. 237-252

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