Association of the altered sense of time in the seconds-to-minute range with intertemporal choices across time-horizons.
Evgeniya Lukinova, Jeffrey C. Erlich
Abstract
Evgeniya Lukinova, Jeffrey C. Erlich
Abstract
Delay-discounting studies in neuroscience, psychology, and economics have been mostly focused on concepts of self-control, reward evaluation, and discounting. Another important relationship to consider is the link between intertemporal choice and time perception. We presented 50 college students with timing exercises on the range of seconds to minutes and intertemporal-choice tasks on both the time-scale of seconds and of days. We hypothesized that individual differences in time perception would influence decisions about short experienced delays but not long delays. While we found some evidence that individual differences in internal clock speed account for some unexplained variance between choices across time-horizons, overall our findings suggest a nominal contribution of the altered sense of time in intertemporal choice.
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Delay-discounting studies in neuroscience, psychology, and economics have been mostly focused on concepts of self-control, reward evaluation, and discounting. Another important relationship to consider is the link between intertemporal choice and time perception. We presented 50 college students with timing exercises on the range of seconds to minutes and intertemporal-choice tasks on both the time-scale of seconds and of days. We hypothesized that individual differences in time perception would influence decisions about short experienced delays but not long delays. While we found some evidence that individual differences in internal clock speed account for some unexplained variance between choices across time-horizons, overall our findings suggest a nominal contribution of the altered sense of time in intertemporal choice.
Key concepts: Intertemporal choice, Time perception, Discounting, Time preference, Temporal discounting, Delay discounting, Dynamic inconsistency, Variance (accounting)