Boosting and nudging intertemporal choice for gains and losses

Le résumé fourni par la source

People reason differently about potential gains and losses. Learning rates differ for rewards and punishments, risk preferences are independent between gains and losses, and recent research on risky decision-making suggests that the effectiveness of behavioural interventions might differ between the gain and loss domain. The current study seeks to extend these findings to temporal discounting. First, by attempting to replicate whether baseline discounting is independent for gains and losses within participants. Next, by evaluating whether the effect of interventions designed to alter discounting is moderated by the domain of choice. Our results are relevant for understanding the decision-mechanisms associated with gains and losses, and for linking findings from risky decision-making to intertemporal choice. They also have practical policy implications for financial decisions influenced by temporal discounting, such as student loans, credit card debts, and pension schemes.

Ce résumé expose les affirmations des auteurs. BNTIC ne l’interprète pas comme une validation indépendante des résultats.