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INTERTEMPORAL DECISION-MAKING FOR A GROUP.

Richard Yi1, Leila F King1, Anne E Carter1

  • 1University of Arkansas for Medical Sciences.

The Psychological Record
|January 20, 2015
PubMed
Summary
This summary is machine-generated.

Men and women discount rewards differently based on whether decisions affect themselves or a group. Sex moderates temporal discounting in individual versus group contexts, impacting intertemporal decisions.

Keywords:
decision-makinggendergrouptemporal discounting

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Area of Science:

  • Behavioral Economics
  • Social Psychology
  • Neuroscience

Background:

  • Temporal discounting quantifies the decreased subjective value of rewards over time.
  • It is linked to behavior in social dilemmas, where defection is a key issue.
  • Individual decision-making for a group is a proposed solution for social dilemmas.

Purpose of the Study:

  • To investigate how group context influences temporal discounting.
  • To examine sex differences in temporal discounting under individual versus group conditions.

Main Methods:

  • Participants completed temporal discounting tasks.
  • Two conditions were compared: outcomes affecting only the individual, and outcomes affecting a group of 10 (including the participant).

Main Results:

  • No significant overall difference in temporal discounting was found between individual and group conditions.
  • Sex moderated temporal discounting: males discounted more for themselves, while females discounted more for the group.

Conclusions:

  • Sex is a crucial factor influencing intertemporal decision-making in group contexts.
  • Understanding these sex-based differences is vital for managing social dilemmas and group decision-making.