Journal article

Individual Differences in Intertemporal Choice

Kristof Keidel, Qendresa Rramani, Bernd Weber, Carsten Murawski, Ulrich Ettinger

Frontiers in Psychology | Frontiers Media | Published : 2021

Abstract

Intertemporal choice involves deciding between smaller, sooner and larger, later rewards. People tend to prefer smaller rewards that are available earlier to larger rewards available later, a phenomenon referred to as temporal or delay discounting. Despite its ubiquity in human and non-human animals, temporal discounting is subject to considerable individual differences. Here, we provide a critical narrative review of this literature and make suggestions for future work. We conclude that temporal discounting is associated with key socio-economic and health-related variables. Regarding personality, large-scale studies have found steeper temporal discounting to be associated with higher levels..

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University of Melbourne Researchers