IN SEARCH OF DETERMINANTS OF TIME-DISCOUNTING IN MONETARY CHOICES: PERSONAL CHARACTERISTICS MATTER ONLY A LITTLE

• Autorzy: Vargová Lenka , Adamkovič Matúš
• Języki publikacji: EN

Abstrakty

EN

Time-discounting in monetary choices is determined by aspects related to the reward, contextual factors and characteristics of a person. In the present study, we used three datasets (Ndata1 = 419; Ndata2 = 485; Ndata3= 240) to examine how well personal characteristics (sociodemographic, financial situation, self-control, cognitive abilities, negative experiencing, and trustfulness) predict time-discounting in both hypothetical and real reward scenarios. The results of the regression analyses indicate that the characteristics of a person only explain a small proportion of the variance in time-discounting (R2 ranged from .10 to .19). The only substantive predictors of time-discounting in monetary choices were financial literacy and the general tendency to delay gratification. We conclude that there remains much work to be done in explaining what determines time-discounting. However, shifting the focus from personal characteristics to the characteristics of reward and contextual factors could be of interest.

Słowa kluczowe

EN

TIME-DISCOUNTING; MONETARY CHOICES; PERSONAL CHARACTERISTICS

• Wydawca: Institute of Experimental Psychology, Slovak Academy of Sciences
• Czasopismo: Studia Psychologica
• Rocznik: 2022
• Tom: 64
• Numer: 3
• Strony: 313 – 328

Twórcy

autor

Vargová Lenka

• Institute of Psychology, Faculty of Arts, University of Prešov, Slovak Republic,

autor

Adamkovič Matúš

Identyfikatory

DOI

https://doi.org/10.31577/sp.2022.03.856