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Ruggeri K, Panin A, Vdovic M, Većkalov B, Abdul-Salaam N, Achterberg J, Akil C, Amatya J, Amatya K, Andersen TL, Aquino SD, Arunasalam A, Ashcroft-Jones S, Askelund AD, Ayacaxli N, Sheshdeh AB, Bailey A, Barea Arroyo P, Mejía GB, Benvenuti M, Berge ML, Bermaganbet A, Bibilouri K, Bjørndal LD, Black S, Lyshol JKB, Brik T, Buabang EK, Burghart M, Bursalıoğlu A, Buzayu NM, Čadek M, de Carvalho NM, Cazan AM, Çetinçelik M, Chai VE, Chen P, Chen S, Clay G, D'Ambrogio S, Damnjanović K, Duffy G, Dugue T, Dwarkanath T, Envuladu EA, Erceg N, Esteban-Serna C, Farahat E, Farrokhnia RA, Fawad M, Fedryansyah M, Feng D, Filippi S, Fonollá MA, Freichel R, Freira L, Friedemann M, Gao Z, Ge S, Geiger SJ, George L, Grabovski I, Gracheva A, Gracheva A, Hajian A, Hasan N, Hecht M, Hong X, Hubená B, Ikonomeas AGF, Ilić S, Izydorczyk D, Jakob L, Janssens M, Jarke H, Kácha O, Kalinova KN, Kapingura FM, Karakasheva R, Kasdan DO, Kemel E, Khorrami P, Krawiec JM, Lagidze N, Lazarević A, Lazić A, Lee HS, Lep Ž, Lins S, Lofthus IS, Macchia L, Mamede S, Mamo MA, Maratkyzy L, Mareva S, Marwaha S, McGill L, McParland S, Melnic A, Meyer SA, Mizak S, Mohammed A, Mukhyshbayeva A, Navajas J, Neshevska D, Niazi SJ, Nieves AEN, Nippold F, Oberschulte J, Otto T, Pae R, Panchelieva T, Park SY, Pascu DS, Pavlović I, Petrović MB, Popović D, Prinz GM, Rachev NR, Ranc P, Razum J, Rho CE, Riitsalu L, Rocca F, Rosenbaum RS, Rujimora J, Rusyidi B, Rutherford C, Said R, Sanguino I, Sarikaya AK, Say N, Schuck J, Shiels M, Shir Y, Sievert EDC, Soboleva I, Solomonia T, Soni S, Soysal I, Stablum F, Sundström FTA, Tang X, Tavera F, Taylor J, Tebbe AL, Thommesen KK, Tobias-Webb J, Todsen AL, Toscano F, Tran T, Trinh J, Turati A, Ueda K, Vacondio M, Vakhitov V, Valencia AJ, Van Reyn C, Venema TAG, Verra SE, Vintr J, Vranka MA, Wagner L, Wu X, Xing KY, Xu K, Xu S, Yamada Y, Yosifova A, Zupan Z, García-Garzon E. The globalizability of temporal discounting. Nat Hum Behav 2022; 6:1386-1397. [PMID: 35817934 PMCID: PMC9584811 DOI: 10.1038/s41562-022-01392-w] [Citation(s) in RCA: 9] [Impact Index Per Article: 4.5] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Grants] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Received: 11/03/2021] [Accepted: 05/17/2022] [Indexed: 01/08/2023]
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.
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Affiliation(s)
- Kai Ruggeri
- Columbia University, New York, NY, USA.
- Centre for Business Research, Judge Business School, University of Cambridge, Cambridge, UK.
| | | | - Milica Vdovic
- Faculty of Media and Communications, Belgrade, Serbia
| | | | | | - Jascha Achterberg
- University of Cambridge, Cambridge, UK
- MRC Cognition and Brain Sciences Unit, Cambridge, UK
| | - Carla Akil
- American University of Beirut, Beirut, Lebanon
| | - Jolly Amatya
- UN Major Group for Children and Youth (UNMGCY), Kathmandu, Nepal
| | - Kanchan Amatya
- United Nations Children's Fund (UNICEF), Kathmandu, Nepal
| | | | - Sibele D Aquino
- Pontifical Catholic University of Rio de Janeiro, Rio de Janeiro, Brazil
- Laboratory of Research in Social Psychology, Rio de Janeiro, Brazil
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | - Nathalia Melo de Carvalho
- Pontifical Catholic University of Rio de Janeiro, Rio de Janeiro, Brazil
- Estácio de Sá University, Rio de Janeiro, Brazil
| | | | - Melis Çetinçelik
- Max Planck Institute for Psycholinguistics, Nijmegen, the Netherlands
| | | | - Patricia Chen
- National University of Singapore, Singapore, Singapore
| | - Shiyi Chen
- The University of Hong Kong, Hong Kong SAR, China
| | - Georgia Clay
- Technische Universität Dresden, Dresden, Germany
| | | | | | | | | | | | | | | | | | - Eman Farahat
- Ain Shams University, Cairo, Egypt
- International Socioeconomics Laboratory, New York, NY, USA
| | | | | | | | - David Feng
- Columbia University, New York, NY, USA
- London School of Economics and Political Science, London, UK
| | | | | | | | - Lucia Freira
- Universidad Torcuato Di Tella, Buenos Aires, Argentina
| | | | - Ziwei Gao
- University College London, London, UK
| | - Suwen Ge
- Columbia University, New York, NY, USA
| | | | | | | | | | - Anastasia Gracheva
- Columbia University, New York, NY, USA
- The Wharton School of the University of Pennsylvania, Philadelphia, PA, USA
| | | | - Nida Hasan
- Columbia University, New York, NY, USA
- Sciences Po, Paris, France
| | - Marlene Hecht
- Max Planck Institute for Human Development, Berlin, Germany
- Humboldt University of Berlin, Berlin, Germany
| | | | | | | | | | | | - Lea Jakob
- Charles University, Prague, Czech Republic
- National Institute of Mental Health, Klecany, Czech Republic
| | | | | | - Ondřej Kácha
- University of Cambridge, Cambridge, UK
- Green Dock, Hostivice, Czech Republic
| | | | | | | | | | | | | | - Jakub M Krawiec
- SWPS University of Social Sciences and Humanities, Warsaw, Poland
| | | | | | | | | | - Žan Lep
- University of Ljubljana, Ljubljana, Slovenia
| | | | | | | | | | | | | | | | | | - Lucy McGill
- University of Groningen, Groningen, the Netherlands
| | | | | | | | - Szymon Mizak
- SWPS University of Social Sciences and Humanities, Warsaw, Poland
| | | | | | - Joaquin Navajas
- Universidad Torcuato Di Tella, Buenos Aires, Argentina
- National Scientific and Technical Research Council, Buenos Aires, Argentina
| | | | | | | | | | | | | | - Riinu Pae
- University College London, London, UK
| | | | | | | | | | | | - Dora Popović
- Ivo Pilar Institute of Social Sciences, Zagreb, Croatia
| | | | | | - Pika Ranc
- University of Ljubljana, Ljubljana, Slovenia
| | - Josip Razum
- Ivo Pilar Institute of Social Sciences, Zagreb, Croatia
| | | | | | | | - R Shayna Rosenbaum
- York University, Toronto, Ontario, Canada
- Rotman Research Institute, Baycrest, Toronto, Ontario, Canada
| | | | | | | | - Rand Said
- Queen's University Belfast, Belfast, UK
| | | | | | - Nicolas Say
- Prague University of Economics and Business, Prague, Czech Republic
| | | | | | | | | | | | | | - Siddhant Soni
- Erasmus University Rotterdam, Rotterdam, Netherlands
| | - Irem Soysal
- Columbia University, New York, NY, USA
- University of Oxford, Oxford, UK
| | - Federica Stablum
- University of Cambridge, Cambridge, UK
- University of Trento, Trento, Italy
| | | | | | | | | | - Anna-Lena Tebbe
- Max Planck Institute for Human Cognitive and Brain Sciences, Leipzig, Germany
| | | | | | | | | | - Tran Tran
- Erasmus University Rotterdam, Rotterdam, Netherlands
| | | | - Alice Turati
- Columbia University, New York, NY, USA
- Sciences Po, Paris, France
| | | | | | | | - Adrianna J Valencia
- Columbia University, New York, NY, USA
- University of Central Florida, Orlando, FL, USA
| | | | | | | | - Jáchym Vintr
- Charles University, Prague, Czech Republic
- Green Dock, Hostivice, Czech Republic
| | | | | | - Xue Wu
- Kyushu University, Fukuoka, Japan
| | | | - Kailin Xu
- Queen's University Belfast, Belfast, UK
| | - Sonya Xu
- Columbia University, New York, NY, USA
- University of Cambridge, Cambridge, UK
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