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Replication: Unsuccessful replications and extensions of Temporal Value Asymmetry in monetary valuation and moral judgment

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  • El Halabi, Malak
  • Chan, Wing Yan Florence
  • Tunca, Burak
  • Ziano, Ignazio
  • Feldman, Gilad

Abstract

The phenomenon that contemplating future events elicits stronger emotions than contemplating past events has been coined “temporal value asymmetry” (TVA) (Caruso et al., 2008). We conducted very close replications of three experiments derived from two influential TVA papers: Studies 1 and 4 in Caruso et al. (2008), demonstrating TVA in monetary valuation, and Study 1 in Caruso (2010), demonstrating TVA in moral judgment. We also attempted to conceptually replicate whether TVA in monetary valuation would extend to moral judgments. We failed to find support for TVA in monetary valuation (Caruso et al., 2008). We also failed to find support for TVA in moral judgments (Caruso, 2010) and in our conceptual extension. Exploratory analyses excluding potential outliers and z-transforming the dependent variable were consistent with our preregistered analyses. We discuss potential explanations for our results and future directions for research about the effects of time on judgments of value and morality.

Suggested Citation

  • El Halabi, Malak & Chan, Wing Yan Florence & Tunca, Burak & Ziano, Ignazio & Feldman, Gilad, 2022. "Replication: Unsuccessful replications and extensions of Temporal Value Asymmetry in monetary valuation and moral judgment," Journal of Economic Psychology, Elsevier, vol. 90(C).
    • Handle: RePEc:eee:joepsy:v:90:y:2022:i:c:s0167487022000277
    DOI: 10.1016/j.joep.2022.102509
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    References listed on IDEAS

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    1. Ziano, Ignazio & Kong, Man Fai & Kim, Hong Joo & Liu, Chit Yu & Wong, Sze Chai & Cheng, Bo Ley & Feldman, Gilad, 2021. "Replication: Revisiting Tversky and Shafir’s (1992) Disjunction Effect with an extension comparing between and within subject designs," Journal of Economic Psychology, Elsevier, vol. 83(C).
    2. Abel Brodeur & Mathias Lé & Marc Sangnier & Yanos Zylberberg, 2016. "Star Wars: The Empirics Strike Back," American Economic Journal: Applied Economics, American Economic Association, vol. 8(1), pages 1-32, January.
    3. Ziano, Ignazio & Li, Jie & Tsun, Shue Man & Lei, Hoi Ching & Kamath, Anvita Anil & Cheng, Bo Ley & Feldman, Gilad, 2021. "Revisiting “money illusion”: Replication and extension of Shafir, Diamond, and Tversky (1997)," Journal of Economic Psychology, Elsevier, vol. 83(C).
    4. Hilbert, Leon P. & Noordewier, Marret K. & van Dijk, Wilco W., 2022. "The prospective associations between financial scarcity and financial avoidance," Journal of Economic Psychology, Elsevier, vol. 88(C).
    5. repec:nas:journl:v:115:y:2018:p:12441-12446 is not listed on IDEAS
    6. Innocenti, Stefania & Clark, Gordon L. & McGill, Sarah & Cuñado, Juncal, 2019. "The effect of past health events on intentions to purchase insurance: Evidence from 11 countries," Journal of Economic Psychology, Elsevier, vol. 74(C).
    7. Zhang, Nan & Qin, Botao, 2021. "Do buyers and sellers evaluate air pollution reduction Differently? experimental evidence from China," Journal of Economic Psychology, Elsevier, vol. 87(C).
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    1. Özgümüs, Asri & Rau, Holger A. & Trautmann, Stefan T., 2024. "Delayed risk in individual and social decisions," Journal of Economic Psychology, Elsevier, vol. 102(C).

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