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Information is everywhere and its presentation—such as how and when items are presented—can impact our perceptions and decisions surrounding the info. This broad concept umbrellas framing effects—influences that occur due to the way information is framed in its appearance, whether it’s purely the order or the specific wording of a message. Let’s take a look at numerous ways in which two versions of something can objectively say the same thing, yet we respond in...
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The Joint Effect of Social Comparison and Social Distance on Evaluation of Intertemporal Choice Outcomes in Event-related Potential Studies
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Time Matters: Time Perspectives Predict Intertemporal Prosocial Preferences.

Teng Lu1, Dapeng Liang1, Mei Hong1

  • 1School of Management, Harbin Institute of Technology, 92 Xidazhi Street, Nangang District, Harbin 150001, China.

Behavioral Sciences (Basel, Switzerland)
|July 28, 2023
PubMed
Summary
This summary is machine-generated.

Individuals with a Present Impulsive Time Perspective (PITP) discount rewards more steeply than those with a Future Time Perspective (FTP) in prosocial choices. Time perspective significantly influences intertemporal altruism and donation behavior.

Keywords:
dictator gameintertemporal prosocial discountingpersonalitypresent impulsivetime perspective

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Area of Science:

  • Behavioral Economics
  • Psychology
  • Neuroscience

Background:

  • Intertemporal choices involve decisions where costs and benefits are spread out over time.
  • Time perspective, a stable personality trait, influences decision-making and altruistic behavior.
  • Understanding the cognitive mechanisms of intertemporal prosocial choices is crucial for behavioral economics and psychology.

Purpose of the Study:

  • To explore the intertemporal prosocial preferences of individuals with Present Impulsive Time Perspective (PITP) and Future Time Perspective (FTP).
  • To uncover the cognitive mechanisms of intertemporal altruism linked to personality traits.
  • To investigate the predictive power of time perspective on intertemporal social preferences.

Main Methods:

  • Utilized the Chinese version of the Zimbardo Time Perspective Inventory (ZTPI-C) to assess time perspectives.
  • Employed a novel intertemporal prosocial discounting paradigm to measure donation behaviors.
  • Analyzed discount rates and correlations between time perspective dimensions and willingness to forgo monetary rewards.

Main Results:

  • Donation behaviors decreased with increased time delay for both PITP and FTP groups, consistent with hyperbolic discounting.
  • PITP individuals exhibited significantly higher discount rates compared to FTP individuals.
  • Higher scores on the 'Future' dimension of ZTPI-C positively correlated with greater willingness to forgo money among FTP individuals.

Conclusions:

  • Time perspective is a significant predictor of intertemporal prosocial preferences and altruistic behavior.
  • Findings extend the Perceived-time-based model (PTBM) to the domain of intertemporal social preferences.
  • This research contributes to the understanding of decision-making in intertemporal choice theory.