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Pertl SM, Srirangarajan T, Urminsky O. A multinational analysis of how emotions relate to economic decisions regarding time or risk. Nat Hum Behav 2024:10.1038/s41562-024-01927-3. [PMID: 39210027 DOI: 10.1038/s41562-024-01927-3] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Received: 04/29/2022] [Accepted: 06/13/2024] [Indexed: 09/04/2024]
Abstract
Emotions have been theorized to be important drivers of economic choices, such as intertemporal or risky decisions. Our systematic review and meta-analysis of the previous literature (378 results and 50,972 participants) indicates that the empirical basis for these claims is mixed and the cross-cultural generalizability of these claims has yet to be systematically tested. We analysed a dataset with representative samples from 74 countries (n = 77,242), providing a multinational test of theoretical claims that individuals' ongoing emotional states predict their economic preferences regarding time or risk. Overall, more positive self-reported emotions generally predicted a willingness to wait for delayed rewards or to take favourable risks, in line with some existing theories. Contrary to the assumption of a universal relationship between emotions and decision-making, we show that these relationships vary substantially and systematically across countries. Emotions were stronger predictors of economic decisions in more economically developed and individualistic countries.
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Affiliation(s)
- Samuel M Pertl
- Stanford Graduate School of Business, Stanford, CA, USA.
| | | | - Oleg Urminsky
- University of Chicago Booth School of Business, Chicago, IL, USA
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Rasmussen EB, Camp L, Lawyer SR. The Use of Nonmonetary Outcomes in Health-Related Delay Discounting Research: Review and Recommendations. Perspect Behav Sci 2024; 47:523-558. [PMID: 39099748 PMCID: PMC11294320 DOI: 10.1007/s40614-024-00403-7] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Accepted: 03/06/2024] [Indexed: 08/06/2024] Open
Abstract
Delay discounting (DD) refers to the tendency to devalue an outcome as a function of its delay. Most contemporary human DD research uses hypothetical money to assess individual rates of DD. However, nonmonetary outcomes such as food, substances of misuse, and sexual outcomes have been used as well, and have advantages because of their connections to health. This article reviews the literature on the use of nonmonetary outcomes of food, drugs, and sexual outcomes in relation to health and reinforcer pathologies such as substance use disorders, obesity, and sexual risk behaviors, respectively, and makes a case for their use in discounting research. First, food, substances, and sex may be more ecologically valid outcomes than money in terms of their connections to health problems and reinforcer pathologies. Second, consistent trends in commodity-specific (i.e., domain) effects, in which nonmonetary outcomes are discounted more steeply than money, enhance variation in discounting values. Third, commodity-specific changes in discounting with treatments designed to change health choices are described. Finally, methodological trends such as test-retest reliability, magnitude effects, the use of hypothetical versus real outcomes, and age-related effects are discussed in relation to the three outcome types and compared to trends with monetary discounting. Limitations that center around individual preferences, nonsystematic data, and deprivation are discussed. We argue that researchers can enhance their DD research, especially those related to health problems and reinforcer pathologies, with the use of nonmonetary outcomes. Recommendations for future directions of research are delineated.
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Affiliation(s)
- Erin B. Rasmussen
- Department of Psychology, Idaho State University, Stop 8112, Pocatello, ID 83209-8112 USA
| | - Lillith Camp
- Department of Psychology, Idaho State University, Stop 8112, Pocatello, ID 83209-8112 USA
| | - Steven R. Lawyer
- Department of Psychology, Idaho State University, Stop 8112, Pocatello, ID 83209-8112 USA
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Downey H, Freitas-Lemos R, Curran K, Serrano EL, Davis GC, Stein JS. COVID-19-related financial scarcity is associated with greater delay discounting but not probability discounting. Behav Processes 2023; 211:104928. [PMID: 37541398 DOI: 10.1016/j.beproc.2023.104928] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Received: 06/01/2023] [Revised: 07/24/2023] [Accepted: 07/31/2023] [Indexed: 08/06/2023]
Abstract
Prior studies suggest that scarcity increases delay discounting (devaluation of delayed outcomes) and disturbs other decision-making processes. Evidence on the effect of COVID-19 on delay discounting is mixed. Also, no study has examined the effect of COVID-19-related scarcity on probability discounting (devaluation of probabilistic outcomes). The goal of the study was to examine cross-sectional associations between financial impact during the COVID-19 pandemic, delay discounting, and probability discounting. During April 2020, 1012 participants with low income were recruited on Amazon Mechanical Turk and completed measures of delay and probability discounting, perceived COVID-19-related financial impacts, and food security. Regression analyses indicate that compared to those with no COVID-19-related financial impacts, those with severe COVID-19-related financial impacts had greater delay discounting of money and greater delay discounting of a grocery gift card. Also, greater food insecurity in the past month was associated with greater delay discounting of a grocery gift card but not delay discounting of money. Perceived COVID-19 related financial impact was not associated with probability discounting. Combined with laboratory experiments, this study provides additional support for the idea that feelings of scarcity may increase delay discounting. However, as this study was observational, no assumptions of causality should be made about the specific effect of COVID-19 on delay discounting.
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Affiliation(s)
- Haylee Downey
- Fralin Biomedical Research Institute at Virginia Tech Carilion, United States; Graduate Program in Translational Biology, Medicine, and Health, Virginia Tech, United States
| | | | - Kelsey Curran
- Fralin Biomedical Research Institute at Virginia Tech Carilion, United States
| | - Elena L Serrano
- Department of Human Nutrition, Foods, and Exercise, Virginia Tech, United States
| | - George C Davis
- Department of Human Nutrition, Foods, and Exercise, Virginia Tech, United States; Department of Applied and Agricultural Economics, Virginia Tech, United States
| | - Jeffrey S Stein
- Fralin Biomedical Research Institute at Virginia Tech Carilion, United States; Department of Human Nutrition, Foods, and Exercise, Virginia Tech, United States.
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Downey H, Haynes JM, Johnson HM, Odum AL. Deprivation Has Inconsistent Effects on Delay Discounting: A Review. Front Behav Neurosci 2022; 16:787322. [PMID: 35221945 PMCID: PMC8867822 DOI: 10.3389/fnbeh.2022.787322] [Citation(s) in RCA: 5] [Impact Index Per Article: 2.5] [Reference Citation Analysis] [Abstract] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 09/30/2021] [Accepted: 01/11/2022] [Indexed: 11/15/2022] Open
Abstract
Delay discounting, the tendency for outcomes to be devalued as they are more temporally remote, has implications as a target for behavioral interventions. Because of these implications, it is important to understand how different states individuals may face, such as deprivation, influence the degree of delay discounting. Both dual systems models and state-trait views of delay discounting assume that deprivation may result in steeper delay discounting. Despite early inconsistencies and mixed results, researchers have sometimes asserted that deprivation increases delay discounting, with few qualifications. The aim of this review was to determine what empirical effect, if any, deprivation has on delay discounting. We considered many kinds of deprivation, such as deprivation from sleep, drugs, and food in humans and non-human animals. For 23 studies, we analyzed the effect of deprivation on delay discounting by computing effect sizes for the difference between delay discounting in a control, or baseline, condition and delay discounting in a deprived state. We discuss these 23 studies and other relevant studies found in our search in a narrative review. Overall, we found mixed effects of deprivation on delay discounting. The effect may depend on what type of deprivation participants faced. Effect sizes for deprivation types ranged from small for sleep deprivation (Hedge's gs between −0.21 and 0.07) to large for opiate deprivation (Hedge's gs between 0.42 and 1.72). We discuss possible reasons why the effect of deprivation on delay discounting may depend on deprivation type, including the use of imagined manipulations and deprivation intensity. The inconsistency in results across studies, even when comparing within the same type of deprivation, indicates that more experiments are needed to reach a consensus on the effects of deprivation on delay discounting. A basic understanding of how states affect delay discounting may inform translational efforts.
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Affiliation(s)
- Haylee Downey
- Odum Laboratory, Department of Psychology, Utah State University, Logan, UT, United States
- Translational Biology Medicine and Health Graduate Program, Virginia Tech, Blacksburg, VA, United States
| | - Jeremy M. Haynes
- Odum Laboratory, Department of Psychology, Utah State University, Logan, UT, United States
| | - Hannah M. Johnson
- Odum Laboratory, Department of Psychology, Utah State University, Logan, UT, United States
| | - Amy L. Odum
- Odum Laboratory, Department of Psychology, Utah State University, Logan, UT, United States
- *Correspondence: Amy L. Odum
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Bierbaum M, Nillesen EEM. Sustaining the integrity of the threatened self: A cluster-randomised trial among social assistance applicants in the Netherlands. PLoS One 2021; 16:e0252268. [PMID: 34081712 PMCID: PMC8174741 DOI: 10.1371/journal.pone.0252268] [Citation(s) in RCA: 1] [Impact Index Per Article: 0.3] [Reference Citation Analysis] [Abstract] [MESH Headings] [Grants] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 03/30/2020] [Accepted: 05/12/2021] [Indexed: 11/19/2022] Open
Abstract
Stereotypes and stigma associated with living on welfare or a low income can be a psychological threat that hampers performance and undermines aspirations. Our paper explores the potential of a novel self-affirmation intervention to mitigate such adverse impacts. The intervention comprises a verbal self-affirmation exercise for applicants during their first meeting with a caseworker. We conduct a cluster-randomised trial among a sample of 174 applicants for social assistance benefits in a Social Services office in Maastricht, the Netherlands. We measure outcomes on feelings of self-worth, stress, societal belonging, job search behaviour self-efficacy and cognitive performance immediately after the meeting. In our full sample, the intervention has a negative impact on feelings of societal belonging, but no effect on other outcomes. Effects, however, vary by subgroups. Our treatment increases negative feelings of self-worth and negatively affects societal belonging, but also improves cognitive performance among the group that had paid work in the previous two years. By contrast, self-affirmation positively impacts job search behaviour self-efficacy and cognitive performance for individuals who face increased challenges to (re)integrate into the labour market, proxied by lower levels of education or social assistance receipt in the previous two years. Since our intervention gives rise to testing more than one null hypothesis, we control the false discovery rate using the Benjamini-Hochberg approach. Our findings are sobering. Effects only remain significant for negative feelings of self-worth and improved cognitive performance for one particular subgroup: individuals with paid work in the past two years. This suggests self-affirmation may have reminded them of the time they still had a job, hence creating a backlash effect on feelings of self-worth. At the same time, they may have felt a need to distinguish themselves from others on social assistance benefits resulting in better cognitive performance. These interpretations are consistent with theory and empirical evidence on social identity and self-categorisation. We discuss the implications of our results and outline avenues for future work.
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Affiliation(s)
- Mira Bierbaum
- UNU-MERIT, Maastricht, the Netherlands
- Maastricht Graduate School of Governance, Maastricht University, Maastricht, the Netherlands
- International Labour Organization, Geneva, Switzerland
- * E-mail:
| | - Eleonora E. M. Nillesen
- UNU-MERIT, Maastricht, the Netherlands
- Maastricht Graduate School of Governance, Maastricht University, Maastricht, the Netherlands
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Ferrer RA, Cerully JL, Harris PR, Klein WMP. Greater benefit of self-affirmation for prevention-focused individuals prior to threatening health messages. Psychol Health 2020; 36:719-738. [PMID: 32781845 DOI: 10.1080/08870446.2020.1800008] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Indexed: 10/23/2022]
Abstract
OBJECTIVE Individuals are often defensive toward health messages that suggest they are putting their health at risk because such messages threaten their self-competence and integrity. Although self-affirmation can facilitate prevention behaviors in response to health messages, effects are variable. We examined whether disease prevention focus might strengthen self-affirmation's effects in response to disease prevention messages, given that prevention-focused individuals are likeliest to be persuaded by those messages after self-affirmation attenuates defensiveness. DESIGN In Study 1, participants were self-affirmed before a message about sexually transmitted infections. In Studies 2 and 3, individuals were self-affirmed prior to a message about alcohol and cancer risk. MAIN OUTCOME MEASURES Studies assessed intentions to use condoms, intentions to reduce alcohol, and willingness to drink alcohol in specific scenarios. RESULTS In Study 1, self-affirmation facilitated condom use intentions among those higher in prevention focus. In Studies 2 and 3, self-affirmation facilitated lower willingness to consume alcohol among those high in prevention focus. A meta-analysis across the three studies indicated that self-affirmation improved intentions and willingness under high, but not low, prevention focus (d = 0.20, p = .003). CONCLUSION These findings demonstrate that health prevention-focus can strengthen self-affirmation's effects, thereby improving responsiveness to health communications about behaviors that increase disease risk.
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Affiliation(s)
- Rebecca A Ferrer
- Behavioral Research Program, Division of Cancer Control and Population Sciences, National Cancer Institute, Rockville, MD, USA
| | | | - Peter R Harris
- Department of Psychology, University of Sussex, Falmer, UK
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Otterbring T, Sela Y. Sexually arousing ads induce sex-specific financial decisions in hungry individuals. PERSONALITY AND INDIVIDUAL DIFFERENCES 2020. [DOI: 10.1016/j.paid.2019.109576] [Citation(s) in RCA: 5] [Impact Index Per Article: 1.3] [Reference Citation Analysis] [Track Full Text] [Journal Information] [Submit a Manuscript] [Subscribe] [Scholar Register] [Indexed: 11/17/2022]
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