Publication | Closed Access
Temporal discounting for monetary and close relationship outcomes
20
Citations
39
References
2009
Year
Behavioral Decision MakingChoice TheoryTemporal DiscountingIndividual Decision MakingDynamic EconomicsPsychologyChoice ModelExperimental Decision MakingTemporal Discounting RatesManagementDomain IndependenceDecision TheoryEconomicsBehavioral SciencesDynamic PricingConsumer Decision MakingFinanceBehavioral EconomicsIntertemporal ChoicesBusinessDecision Science
Abstract The present study extended research on intertemporal choice—in which individuals choose between outcomes that may be received immediately or after a delay—to close relationships. In Experiment 1, New Zealand university students aged 18 to 25 made decisions about hypothetical monetary and relationship outcomes, and in Experiment 2, about relationship outcomes which emphasized companionate or sexual aspects ( N s = 64). Both experiments found effects of delay and magnitude on temporal discounting rates, and domain independence for choices about close relationships, similar to previous studies with monetary outcomes. There were no significant gender differences. Overall, results suggest that people make intertemporal choices about relationships according to a similar process used to make decisions involving other types of outcomes.
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