Scarcity and intertemporal choice.
Journal
Journal of personality and social psychology
ISSN: 1939-1315
Titre abrégé: J Pers Soc Psychol
Pays: United States
ID NLM: 0014171
Informations de publication
Date de publication:
Nov 2023
Nov 2023
Historique:
medline:
14
11
2023
pubmed:
14
9
2023
entrez:
14
9
2023
Statut:
ppublish
Résumé
Scarcity often encourages decisions that favor the present over the future. While prevailing theories largely attribute these decisions to myopic, impulsive decision making, five studies find support for an alternative, less prevalent perspective. We introduce the time horizon of threatened needs as an important determinant of scarcity's effect on intertemporal choice, demonstrating that people's decisions under scarcity reflect attempts to address threatened needs. Data from the Federal Reserve Bank of Philadelphia (Study 1) and preregistered studies (
Identifiants
pubmed: 37707481
pii: 2024-02873-001
doi: 10.1037/pspa0000353
doi:
Types de publication
Journal Article
Langues
eng
Sous-ensembles de citation
IM