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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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The effect of future self-continuity on intertemporal decision making: a mediated moderating model.

Ying Yang1,2, Liangxiangwan Zhang1,2, Weiguo Qu1,2

  • 1Department of Psychology, School of Education Science, Hunan Normal University, Changsha, China.

Frontiers in Psychology
|August 23, 2024
PubMed
Summary

Future self-continuity reduces the time discount rate in intertemporal decision-making. Self-concept clarity indirectly influences this effect by moderating future outcome consideration, enhancing rational decision-making.

Keywords:
future outcome considerationfuture self-continuityintertemporal decisionmediated moderating modelself-concept clarity

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Area of Science:

  • * Decision Science
  • * Social Psychology

Background:

  • * Intertemporal decision making involves weighing costs and benefits across different time points.
  • * Future self-continuity, the perceived connection to one's future self, influences these decisions.
  • * Self-concept clarity, the degree to which one's self-concept is clearly defined, may moderate this influence.

Purpose of the Study:

  • * To investigate the moderating effect of self-concept clarity on the relationship between future self-continuity and intertemporal decision-making.
  • * To examine the mediating role of future outcome consideration in this relationship.
  • * To establish a mediated moderating model for understanding intertemporal choices.

Main Methods:

  • * Study 1: 370 participants completed questionnaires to assess future self-continuity, self-concept clarity, and intertemporal decision-making (time discount rate).
  • * Study 2: 234 participants were experimentally assigned to high or low future self-continuity groups to examine mediation and moderation effects on future outcome consideration.

Main Results:

  • * Future self-continuity significantly negatively predicted the time discount rate.
  • * Self-concept clarity negatively moderated the association between future self-continuity and the time discount rate.
  • * Self-concept clarity negatively moderated the effect of future self-continuity on future outcome consideration, which in turn mediated the overall effect.

Conclusions:

  • * Higher future self-continuity is linked to a lower time discount rate in intertemporal decision-making.
  • * Self-concept clarity indirectly influences intertemporal decision-making by shaping future outcome consideration.
  • * Findings enhance understanding of decision-making processes and offer insights for reducing cognitive biases.