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The globalizability of temporal discounting

Author

Listed:
  • Kai Ruggeri

    (Columbia University
    University of Cambridge)

  • Amma Panin

    (UC Louvain)

  • Milica Vdovic

    (Faculty of Media and Communications)

  • Bojana Većkalov

    (University of Amsterdam)

  • Nazeer Abdul-Salaam

    (Columbia University)

  • Jascha Achterberg

    (University of Cambridge
    MRC Cognition and Brain Sciences Unit)

  • Carla Akil

    (American University of Beirut)

  • Jolly Amatya

    (UN Major Group for Children and Youth (UNMGCY))

  • Kanchan Amatya

    (United Nations Children’s Fund (UNICEF))

  • Thomas Lind Andersen

    (PPR Svendborg)

  • Sibele D. Aquino

    (Pontifical Catholic University of Rio de Janeiro
    Laboratory of Research in Social Psychology)

  • Arjoon Arunasalam

    (Queen’s University Belfast)

  • Sarah Ashcroft-Jones

    (University of Oxford)

  • Adrian Dahl Askelund

    (Nic Waals Institute
    University of Oslo)

  • Nélida Ayacaxli

    (Columbia University)

  • Aseman Bagheri Sheshdeh

    (St. Lawrence University)

  • Alexander Bailey

    (Queen’s University Belfast)

  • Paula Barea Arroyo

    (University College London)

  • Genaro Basulto Mejía

    (Centro de Investigación y Docencias Económicas)

  • Martina Benvenuti

    (University of Bologna)

  • Mari Louise Berge

    (Unaffiliated)

  • Aliya Bermaganbet

    (Workforce Development Center)

  • Katherine Bibilouri

    (Columbia University
    Sciences Po)

  • Ludvig Daae Bjørndal

    (University of Oslo)

  • Sabrina Black

    (University of St Andrews)

  • Johanna K. Blomster Lyshol

    (Oslo New University College)

  • Tymofii Brik

    (Kyiv School of Economics)

  • Eike Kofi Buabang

    (KU Leuven)

  • Matthias Burghart

    (University of Konstanz)

  • Aslı Bursalıoğlu

    (Loyola University Chicago)

  • Naos Mesfin Buzayu

    (Duke Kunshan University)

  • Martin Čadek

    (Leeds Beckett University)

  • Nathalia Melo Carvalho

    (Pontifical Catholic University of Rio de Janeiro
    Estácio de Sá University)

  • Ana-Maria Cazan

    (Transilvania University of Brasov)

  • Melis Çetinçelik

    (Max Planck Institute for Psycholinguistics)

  • Valentino E. Chai

    (National University of Singapore)

  • Patricia Chen

    (National University of Singapore)

  • Shiyi Chen

    (The University of Hong Kong)

  • Georgia Clay

    (Technische Universität Dresden)

  • Simone D’Ambrogio

    (University of Oxford)

  • Kaja Damnjanović

    (University of Belgrade)

  • Grace Duffy

    (Queen’s University Belfast)

  • Tatianna Dugue

    (Columbia University)

  • Twinkle Dwarkanath

    (Columbia University)

  • Esther Awazzi Envuladu

    (University of Jos)

  • Nikola Erceg

    (University of Zagreb)

  • Celia Esteban-Serna

    (University College London)

  • Eman Farahat

    (Ain Shams University
    International Socioeconomics Laboratory)

  • R. A. Farrokhnia

    (Columbia University)

  • Mareyba Fawad

    (Columbia University)

  • Muhammad Fedryansyah

    (Universitas Padjadjaran)

  • David Feng

    (Columbia University
    London School of Economics and Political Science)

  • Silvia Filippi

    (University of Padua)

  • Matías A. Fonollá

    (St. Lawrence University)

  • René Freichel

    (University of Amsterdam)

  • Lucia Freira

    (Universidad Torcuato Di Tella)

  • Maja Friedemann

    (University of Oxford)

  • Ziwei Gao

    (University College London)

  • Suwen Ge

    (Columbia University)

  • Sandra J. Geiger

    (University of Vienna)

  • Leya George

    (University College London)

  • Iulia Grabovski

    (Transilvania University of Brasov)

  • Aleksandra Gracheva

    (Columbia University
    Sciences Po)

  • Anastasia Gracheva

    (Columbia University
    The Wharton School of the University of Pennsylvania)

  • Ali Hajian

    (University of Tehran)

  • Nida Hasan

    (Columbia University
    Sciences Po)

  • Marlene Hecht

    (Max Planck Institute for Human Development
    Humboldt University of Berlin)

  • Xinyi Hong

    (Duke University)

  • Barbora Hubená

    (Unaffiliated)

  • Alexander Gustav Fredriksen Ikonomeas

    (University of Oslo)

  • Sandra Ilić

    (University of Belgrade)

  • David Izydorczyk

    (University of Mannheim)

  • Lea Jakob

    (Charles University
    National Institute of Mental Health)

  • Margo Janssens

    (Tilburg University)

  • Hannes Jarke

    (University of Cambridge)

  • Ondřej Kácha

    (University of Cambridge
    Green Dock)

  • Kalina Nikolova Kalinova

    (Leiden University)

  • Forget Mingiri Kapingura

    (University of Fort Hare)

  • Ralitsa Karakasheva

    (Unaffiliated)

  • David Oliver Kasdan

    (Sungkyunkwan University)

  • Emmanuel Kemel

    (GREGHEC, CNRS, HEC Paris)

  • Peggah Khorrami

    (Harvard University)

  • Jakub M. Krawiec

    (SWPS University of Social Sciences and Humanities)

  • Nato Lagidze

    (Columbia University)

  • Aleksandra Lazarević

    (University of Belgrade)

  • Aleksandra Lazić

    (University of Belgrade)

  • Hyung Seo Lee

    (Emory University)

  • Žan Lep

    (University of Ljubljana)

  • Samuel Lins

    (University of Porto)

  • Ingvild Sandø Lofthus

    (University of Oslo)

  • Lucía Macchia

    (Harvard Kennedy School)

  • Salomé Mamede

    (University of Porto)

  • Metasebiya Ayele Mamo

    (Duke Kunshan University)

  • Laura Maratkyzy

    (Nazarbayev University)

  • Silvana Mareva

    (University of Cambridge)

  • Shivika Marwaha

    (University College Cork)

  • Lucy McGill

    (University of Groningen)

  • Sharon McParland

    (Queen’s University Belfast)

  • Anișoara Melnic

    (Transilvania University of Brasov)

  • Sebastian A. Meyer

    (Fundación Paraguaya
    Colmena)

  • Szymon Mizak

    (SWPS University of Social Sciences and Humanities)

  • Amina Mohammed

    (Gombe State University)

  • Aizhan Mukhyshbayeva

    (University of Chicago)

  • Joaquin Navajas

    (Universidad Torcuato Di Tella
    National Scientific and Technical Research Council)

  • Dragana Neshevska

    (Ss. Cyril and Methodius University)

  • Shehrbano Jamali Niazi

    (McGill University)

  • Ana Elsa Nieto Nieves

    (Universidad Autónoma de Madrid)

  • Franziska Nippold

    (University of Amsterdam)

  • Julia Oberschulte

    (Ludwig-Maximilians-Universität München)

  • Thiago Otto

    (Columbia University)

  • Riinu Pae

    (University College London)

  • Tsvetelina Panchelieva

    (IPHS—Bulgarian Academy of Sciences)

  • Sun Young Park

    (Columbia University)

  • Daria Stefania Pascu

    (University of Padua)

  • Irena Pavlović

    (University of Belgrade)

  • Marija B. Petrović

    (University of Belgrade)

  • Dora Popović

    (Ivo Pilar Institute of Social Sciences)

  • Gerhard M. Prinz

    (Bezirkskrankenhaus Straubing)

  • Nikolay R. Rachev

    (Sofia University St. Kliment Ohridski)

  • Pika Ranc

    (University of Ljubljana)

  • Josip Razum

    (Ivo Pilar Institute of Social Sciences)

  • Christina Eun Rho

    (Columbia University)

  • Leonore Riitsalu

    (University of Tartu)

  • Federica Rocca

    (Queen’s University Belfast)

  • R. Shayna Rosenbaum

    (York University
    Baycrest)

  • James Rujimora

    (University of Central Florida)

  • Binahayati Rusyidi

    (Universitas Padjadjaran)

  • Charlotte Rutherford

    (University of Cambridge)

  • Rand Said

    (Queen’s University Belfast)

  • Inés Sanguino

    (University of Oxford)

  • Ahmet Kerem Sarikaya

    (Columbia University)

  • Nicolas Say

    (Prague University of Economics and Business)

  • Jakob Schuck

    (University of Vienna)

  • Mary Shiels

    (Queen’s University Belfast)

  • Yarden Shir

    (Tel Aviv University)

  • Elisabeth D. C. Sievert

    (Helmut Schmidt University)

  • Irina Soboleva

    (Duke Kunshan University)

  • Tina Solomonia

    (Tbilisi State University)

  • Siddhant Soni

    (Erasmus University Rotterdam)

  • Irem Soysal

    (Columbia University
    University of Oxford)

  • Federica Stablum

    (University of Cambridge
    University of Trento)

  • Felicia T. A. Sundström

    (Uppsala University)

  • Xintong Tang

    (Columbia University)

  • Felice Tavera

    (University of Cologne)

  • Jacqueline Taylor

    (Columbia University)

  • Anna-Lena Tebbe

    (Max Planck Institute for Human Cognitive and Brain Sciences)

  • Katrine Krabbe Thommesen

    (Copenhagen University)

  • Juliette Tobias-Webb

    (Kaplan Business School)

  • Anna Louise Todsen

    (University of St Andrews)

  • Filippo Toscano

    (University of Padua)

  • Tran Tran

    (Erasmus University Rotterdam)

  • Jason Trinh

    (Columbia University)

  • Alice Turati

    (Columbia University
    Sciences Po)

  • Kohei Ueda

    (Kyushu University)

  • Martina Vacondio

    (University of Klagenfurt)

  • Volodymyr Vakhitov

    (Kyiv School of Economics)

  • Adrianna J. Valencia

    (Columbia University
    University of Central Florida)

  • Chiara Reyn

    (KU Leuven)

  • Tina A. G. Venema

    (Aarhus University)

  • Sanne E. Verra

    (Utrecht University)

  • Jáchym Vintr

    (Charles University
    Green Dock)

  • Marek A. Vranka

    (Charles University)

  • Lisa Wagner

    (University of Zurich)

  • Xue Wu

    (Kyushu University)

  • Ke Ying Xing

    (Cornell University)

  • Kailin Xu

    (Queen’s University Belfast)

  • Sonya Xu

    (Columbia University
    University of Cambridge)

  • Yuki Yamada

    (Kyushu University)

  • Aleksandra Yosifova

    (New Bulgarian University)

  • Zorana Zupan

    (University of Belgrade)

  • Eduardo García-Garzon

    (Universidad Camilo José Cela)

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.

Suggested Citation

  • Kai Ruggeri & Amma Panin & Milica Vdovic & Bojana Većkalov & Nazeer Abdul-Salaam & Jascha Achterberg & Carla Akil & Jolly Amatya & Kanchan Amatya & Thomas Lind Andersen & Sibele D. Aquino & Arjoon Aru, 2022. "The globalizability of temporal discounting," Nature Human Behaviour, Nature, vol. 6(10), pages 1386-1397, October.
    • Handle: RePEc:nat:nathum:v:6:y:2022:i:10:d:10.1038_s41562-022-01392-w
    DOI: 10.1038/s41562-022-01392-w
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